All taxable adult residents in Ogun State have been urged to file the annual tax returns of all incomes from all sources for the year 2023 before the expiration date.
A release signed by the Executive Chairman of the Ogun State Internal Revenue Service (OGIRS), Mr. Olugbenga Olaleye, indicated that taxable adults, whether self-employed or in paid employment, earning income from other sources not subjected to Pay As You Earn (PAYE), should complete the income declaration form, by visiting the Agency’s portal, ogirs.ogunstate.gov.ng, to file their tax returns.
It indicated that returns for the year ending December, 31, 2023, should be filed within 90 days of succeeding year January 1, 2024 to March 31, 2024, after which, Best of Judgement (BoJ) assessment, in accordance with the Personal Income Tax Act 2011, as amended, would be applied.
According to the release, “Failure to comply with the above law will attract a Best of Judgement (BoJ) assessment, in accordance with section 54(3) of Personal Income Tax Act (PITA), as amended.
“Section 94, 95 and 96 of the Personal Income Tax Act further stipulates applicable penalties for non-filing, incorrect/false declaration and late submission”.
