Home News Covid-19: DBIR UNVEILS TAX PALLIATIVES.

Covid-19: DBIR UNVEILS TAX PALLIATIVES.

by blcknyt1511
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By Giovanni Emephia.

In furtherance of the responsive governance disposition of the Okowa-led Administration in Delta State, the State Board of Internal Revenue has announced a number of palliative measures aimed at cushioning the effect of the Covid-19 pandemic on businesses in Delta State with regards to their tax obligations.

In a statement issued in Warri, Chairman, Delta State Board of Internal Revenue Sir Monday Onyeme revealed that the approved palliatives were in recognition of the challenges being faced by businesses as a result of the current health pandemic.

Chief Onyeme stressed the commitment of the State Government to providing support to tax payers to ease the burden of payment of outstanding tax liabilities at this challenging time.

Accordingly, the statement revealed that a three months extention has been approved for the filing of the Annual Tax Returns for the year 2020 from 31st March to 30th June 2020. This, according to the statement, “is part of the Board’s effort to allow businesses to fully commence business activities” after the compulsory lockdown.

The Statement further announced the waiver granted to private primary and secondary schools, eateries and hotels with respect to interests and penalties on tax audit liabilities emanating from tax audit exercises carried out by the Revenue Board from 2011 to 2019.

The Revenue Board Chairman encouraged all affected Schools, Eateries and Hotels to take advantage of this waiver and “submit acceptance in writing within twenty one days of this notice to the Chairman of the Revenue Board.”

The Statement however advised those affected to pay the total audit liabilities less the waived interests and penalties on or before the 30th September 2020 to the designated State Internally Generated Revenue Accounts with commercial banks, and forward the evidence of payment and the demand notice previously issued, to get their Tax Audit Clearance Letter.

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