The Kwara State Internal Revenue Service (KW-IRS) wishes to notify all taxable persons in the State that in line with Section 54(1) of the Personal Income Tax Act (PITA) 2011 (as amended), every taxable person in the State shall be assessed individually to Personal Income Tax upon expiration of the time allowed to file a return as mandated by Section 41 of the Act.
In compliance with Section 54(3) of PITA, where a return is not filed by a taxable person within the stipulated time, the Service will determine the amount of the assessable, total, or chargeable income and assess according to its Best of Judgement.
This notice is hereby given to all taxable persons in Kwara State that henceforth, payment of Personal Income Tax by associations or groups shall not be acceptable as stipulated by PITA 2011 (as amended). Each taxable person shall have his or her tax assessment computed and served based on income and pay the assessed tax due individually.
Failure to comply with the above directive is a contravention of the provisions of Sections 94, 95, and 96 of the Personal Income Tax Act 2011 (as amended) and shall attract all applicable penalties as provided in the law.
Play your Part, Pay your Tax!
Head Corporate Affairs, KW-IRS