OGIRS urges employers of labour to file PAYE tax returns, threatens penalty

Ogun State Government has urged employers of labour with employees resident in the state to file their Pay As You Earn (PAYE) tax returns for Year 2023 on or before January 31, 2024, to avoid penalty.

The warning was contained in a statement, yesterday, signed by the Executive Chairman of the Ogun State Internal Revenue Service (OGIRS), Olugbenga Olaleye.

According to him, employers of labour with employees resident in the state are statutorily obliged to file their 2023 PAYE tax returns on or before January 31, as failure to do so would attract a penalty of N500,000.

“In line with the provision of Section 81 (1-3) of the Personal Income Tax Act, 2011 as amended and paragraph 10 of 2002 PAYE regulations, all employers of labour with employees resident in Ogun State, both corporate and private organizations, are statutorily obliged to file their PAYE tax returns for 2023 on or before January 31, 2024, failure to do so will attract penalty upon conviction,” he said.

The chairman, therefore, enjoined them to do the needful by logging in with their login credentials as existing tax agents on the agency’s website, while tax agents that are yet to register are expected to register on the website by supplying required information in order to obtain login details in their registered e-mail.