The Delta State Board of Internal Revenue has granted a soft landing (Tax Palliative) for Private Primary and Secondary Schools, Eateries and Hotels as regards to Interests and Penalties from 2011 to 2019.
As part of the DBIR’s effort to allow businesses to fully commence operations after the compulsory Covid-19 lockdown, the Board has extended the deadline for the filing of Annual Tax Returns (Employees And Self Employed Persons) for the year 2020 from 31st March to 30th June 2020.
The Board Chairman, Sir Monday John Onyeme, who disclosed this also revealed that the waiver of Interests and Penalties on outstanding tax audits liabilities was in recognition of the challenges being faced by private primary and secondary schools, eateries and hotels as a results of the coronavirus pandemic that has impacted negatively on the economy.
He maintained that the waiver granted to private primary and secondary schools, eateries and hotels with respect to interests and penalties on tax audit liabilities emanated from tax audit exercises carried out by the Revenue Board from 2011 to 2019.
He used this medium to call on all affected schools, eateries and hotels to take advantage of this waiver and submit a letter of acceptance in writing within twenty one days of this notice to the office of the Executive Chairman, Delta State Board of Internal Revenue.
Furthermore, he admonished those affected to pay the total audit liabilities less interests and penalties on or before the 30th September 2020 to the designated Delta State IGR Accounts with commercial banks, and forward the evidence of payment and the demand notice previously issued, to get their Tax Audit Clearance Letter.
