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COVID-19: Ogun provides tax reliefs for firms

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Ogun State Governor, Prince Dapo Abiodun has provided tax reliefs for residents and employers of labour in the state towards cushioning COVID-19 economic effects on taxpayers.

The governor said the relief includes: six-month deadline extension for filling of 2019 income tax returns by the self-employed/informed sector from March 31, to September 30, 2020, eight-month extension of filling of 2019 annual PAYE returns by PAYE operators/tax agents from January 31to September 30, 2020 as well as complete waiver of interest and penalty for late filing for the extension period.

The governor said complete waiver of interest and penalty for late remittance of monthly PAYE for the extension period would be granted, while same waiver would be provided for late payment of Direct Assessment /Personal Income Tax by the self-employed from January 1 to December 31, 2020.

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