In a move aimed at cushioning the harsh effect of the COVID-19 pandemic on the people in the state, the Bauchi State government has granted tax reliefs to taxpayers in the state.
This was revealed by the Executive Chairman, Bauchi State Board of Internal Revenue, Muazu Usman, in a press release issued to journalists on Sunday in Bauchi, the state capital.
According to Usman, the state governor, Senator Bala Mohammed, approved the tax waivers.
The revenue board chairman informed that the waivers granted include the extension of the deadline for submission of return of income Form A by taxable persons and filing of annual returns by employers in line with Personal Income Tax Act to 31st July, 2020.
Another relief, according to Usman, is waiver of penalty on late remittance of pay as you earn (PAYE) deductions on hotels, restaurants, road transport operators, private schools proprietors that were supposed to remit their dues from January to July this year.
He added that waivers were also granted on late payment of ground rent for 12 months effective from 1st January, 2020, penalty on late payment of deed registration approved from January to December, 2020.
“The implementation of presumptive tax regime on all informal sector businesses; traders, artisans, market women and other small scale businesses scheduled to commence in June, 2020 is now shifted to October, 2020.
“The imposition of consumption tax on hotels, restaurants and allied services scheduled to commence in June, 2020 is now shifted to October, 2020,” the chairman stated.
