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Bauchi govt grants waiver to taxpayers ~ TheNigerian Information

The Bauchi State Authorities has introduced tax reliefs to taxpayers within the state.

This was revealed by the Government Chairman, Bauchi State Board of Inside Income, Muazu Usman, in a press launch issued to journalists on Sunday in Bauchi, the state capital.

In accordance with Usman, the state governor, Senator Bala Mohammed, authorised the tax waivers.

The income board chairman knowledgeable that the waivers granted embody the extension of the deadline for submission of return of earnings Type A by taxable individuals and submitting of annual returns by employers in step with Private Revenue Tax Act to 31st July 2020.

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In accordance with Usman, one other reduction is a waiver of penalty on late remittance of pay as you earn (PAYE) deductions on resorts, eating places, highway transport operators, non-public colleges proprietors that had been speculated to remit their dues from January to July this yr.

He added that waivers had been additionally granted on late fee of floor lease for 12 months efficient from 1st January 2020, penalty on late fee of deed registration authorised from January to December 2020.

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“The implementation of the presumptive tax regime on all casual sector companies; merchants, artisans, market ladies and different small scale companies scheduled to begin in June 2020 is now shifted to October 2020.

“The imposition of consumption tax on resorts, eating places and allied companies scheduled to begin in June 2020 is now shifted to October 2020,” the chairman said.

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