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Registration and Payer ID: To fulfill your tax obligations, start by registering with a tax authority in Osun State Internal Revenue Service and obtaining a payer Identification Number (Payer ID). This unique identifier is essential for your engagement in the tax system.
Self-Assessment: Taking an active role in your tax affairs by evaluating and assessing your income and financial activities. This self-assessment is crucial for accurate tax reporting.
PAYE and WHT Compliance: If you represent an entity or institution, it is your responsibility to charge, deduct, and remit Pay As You Earn (PAYE) and Withholding Tax (WHT) to Osun State Internal Revenue Service Authorities. Ensure compliance with these regulations to meet your tax obligations.
Voluntary Disclosure: Foster transparency by making a complete voluntary disclosure of all your incomes and expenditures. This proactive approach aids in building trust with tax authorities and ensures accurate tax assessments.
Timely Tax Returns: Adhere to deadlines by filing your tax returns on or before the specified due dates. Timely submissions contribute to the efficiency of the tax system.
Prompt Tax Payment: Declare and pay your taxes in full on or before the due date through designated Osun Internal Revenue Service collection banks. Obtain an Automated Revenue Receipt as proof of payment, showcasing your commitment to fulfilling your financial responsibilities.
Bookkeeping: Maintain meticulous records by keeping proper books of accounts, records, and documents. This organized approach not only facilitates compliance but also aids in effective financial management.
Legal Compliance: Abide by all other obligations imposed on taxpayers by the tax laws. Staying informed and compliant by ensuring a smooth and lawful participation in the tax system.
Notification of Changes: Keep tax authorities informed of any changes related to your tax matters. This includes alterations in your business structure, income sources, or any other relevant information.
Compliance with these detailed responsibilities is integral to fostering a transparent, efficient, and well-functioning tax system in Osun State. By fulfilling these obligations, you contribute to the collective financial health of the state and ensure the sustainability of public services.
Phone: Call 08070943633 for immediate assistance.
Email: Send complaints to info@oirs.ng for a swift resolution.
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