The Plateau Government on Tuesday announced various tax relief measures to its tax payers within and outside the state.
Mr Dashe Arlat, Chairman, Plateau State Internal Revenue Service (PSIRS), made the disclosure during a parley with Civil society groups, business organisations, Local Government Chairmen and other stakeholders.
“As a government, we are aware of the disruption of business in the state brought about by the outbreak of the Coronavirus since March 2020 and felt we should do something for our tax payers.
“Consequently, the timeline for filling annual tax returns during the period of COVID-19 is hereby extended to Sept. 30 for PAYE organisations and individual tax payers, “ he said.
The PSIRS boss said that all penalties and interest charged for late filling of annual tax returns after Sept. 30, have been waived, “provided the tax payer pays the liabilities due to the state in full on or before Dec. 31.”
He also announced a nine per cent deduction and one per cent bonus grant to all tax payers who could show evidence of cash flow and filling of returns early.
According to him, government has suspended enforcement and recovery of outstanding tax liabilities during the COVID-19 period and as well adopted alternative dispute resolutions measures other than the courts.
Arlat further said that PSIRS would effect some temporary changes to its audit process to provide quicker tax assessments and enable ease of payment of tax obligations to the state.
He, however, warned that any tax payer, who failed to consult his/her tax consultants might loss the concessions granted to them.
Edited By: Bola Akingbehin and Isaac Ukpoju (NAN)