Punishment For Failure To Pay Penalty For Non-payment Of Personal Income Tax. Daily Law Tips (Tip 326) by Onyekachi Umah, Esq., LLM. ACIArb(UK)
Personal Income Tax is tax charged on incomes of individuals resident in Nigeria, communities and even families and also incomes of trustees or estates of a deceased person.
The penalty for non-payment of Personal Income Tax after an assessment is 10% per annum of the tax charged.
Where a person fails to pay penalty for nonpayment of Income tax within 30 days it is own it’s own an offence. It is an offence punishable with fine of #200.00 and 6 months imprisonment.
References:
Sections 1, 76, 94 and 109 of the Personal Income Tax Act, 1993.
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Feel free to reach the author, ask questions or make inquiries on this topic or any other legal issues via onyekachi.umah@gmail.com or +2348037665878.
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