Tax Payers Responsibilities
It is the duty of tax payers to conduct withholding taxes on contracts, Rents, Dividends, Commissions, Interests. Directors fess etc and remit, same to the Board, as well as:
Collect Annual returns forms from the Board for distribution to its employees
Collect Tax tables and operational guidelines for computation and deduction of taxes.
Deduct taxes correctly and remit to the Board as and when due
Ensure that the Annual Tax returns forms are properly and correctly completed by employees
Issue tax receipt (Rev. 15) to employees at the end of the year
Allow officials of the Board to conduct Tax Audit and other Investigations when the need arises
Issue transfer certificate to employee leaving the organization
Complete the employers annual returns form (Rev. 9) and submit to the Board every January
- Notify the Board of the commencement of the P.A.Y.E scheme and
Notify the Board of the closure or temporary suspension of operation.