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.