I will be Sharing with us taxes and levies expected of Tax payers (Individuals and Other Entities) in Osun State for the Year 2025 for Individuals and Corporate Bodies/businesses

Welcome to 2025 !!!

We Thank our Tax payers  for their payments and support in 2024, we believe 2025 will be a more fruitful year for their business and in their personal lives., See below the taxes and levies expected of Tax payers (Individuals and Other Entities) in Osun State

Individuals

Pay as you Earn/Direct Assessment

As a responsible tax paying individual You are expected to Pay your Personal Income Tax called Pay as you Earn (PAYE) if you work for a Company Ensure your Employer Remits this to the Government Monthly and Request for Tax Receipt so you can use it to Obtain your Tax Clearance for use in various places.  If you are a Business owner/Self employed, you are expected to Do a Direct Assessment and Pay your Direct Assessment Tax and Obtain a Tax Clearance for the Year, You can do this by Going to the Nearest Osun State Tax Station Closest to you or you go to the Headquarters of Osun Internal Revenue Service OIRS at Abeere to get this done, for any Payment you make ensure you get Government Receipt of the full Money you paid. if you paid 200,000 you should get a government Automated Receipt of 200,000 and not a lesser amount, please take note of this, and ensure you key receipts as evidences of Payment, as you will need it in the future. See here for how the amount to be paid as your Pay as you Earn Tax (PAYE) is Calculated in Osun State.

Land Use Charge

Land Use Charge is a consolidation of all land based rates and charges payable in the State. It consists of property Tax, Tenement Rate and Ground Rent.  In determining who should pay; it is expected that the owner of the assessed property will be liable for the payment of the Land Use Charge. However, demand notice can be served on the owner or occupier. All Owners of Buildings in the State is expected to Pay Land Use Charge.

Business/Corporate/other non-individual entities

As a non individual  Entity in Osun State, there are a few Taxes expected of you to pay yearly

Harmonized bill

Various Ministry Department and Agencies of Government have revenues/Levies that State and Federal Laws empower them to Collect such as Business Premises registration/renewal, Environmental/Economic Development Levies, Water Development and other Sector Specific Registrations and renewal annual levies. The Osun State Government Under the Leadership of His Excellency Senator Ademola Jackson Nurudeen Adeleke has harmonized all the Annual Levies expected of Businesses to Pay into a single Harmonized Demand Notice (Harmonized bill) to Improve the Ease of Doing Business in Osun State. This harmonization provides relieve for Businesses as before His Excellency’s Governor Ademola Adeleke’s Administration, we can have as much as 24 various entities, consultants and groups going to a business to collect levies yearly. This previously chaotic system has been transformed into a single encounter collection via the Harmonized Demand Notice/Bill which includes Local Government levies. Every Business in the State is expected to pay Completely their Harmonized Bill, The Harmonized Bill supports Part Payment in equal or unequal Tranches within a period of 3 months.

Pay as you Earn (PAYE) for all your Staff

As a Business that employ staff, you are required to deduct and remit PAYE of all your Staff before the 10th Day of Every month. There is Penalty for non-Compliance

Land Use Charge

Land Use Charge is a consolidation of all land based rates and charges payable in the State. It consists of property Tax, Tenement Rate and Ground Rent.  In determining who should pay; it is expected that the owner of the assessed property will be liable for the payment of the Land Use Charge. However, demand notice can be served on the owner or occupier. All Owners of Buildings in the State is expected to Pay Land Use Charge.

Sales Tax (Consumption Tax)

if you are in the Hotel, Tourism, Event Centers, Entertainment Clubs Lounges Bars etc, and other related Sectors, you are expected to Remit 5% of Your Sales to the Government Weekly. This is referred to as Consumption Tax.

Withholding Tax

Withholding Tax is an advance payment of income tax. In principle, WHT is a payment on account of the ultimate income tax liability of the taxpayer or company. A withholding tax, also called a retention tax, is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay that tax to the government. require withholding tax on payments of interest or dividends. In most jurisdictions, there are additional withholding tax obligations if the recipient of the income is resident in a different jurisdiction, and in those circumstances withholding tax sometimes applies to royalties, rent or even the sale of real estate. You are expected to Pay Withholding Tax regularly, for more details on Withholding Tax please check here

Other Taxes

Depending on the Kind of Business you do,  and depending on the service you require from the government you might be required to pay some of the below taxes most of which would have been Harmonized, but Levies that cannot be predetermined is not harmonized, so it’s important you take note.

• Withholding Tax (Individuals Only)
• Capital Gains Tax (Individuals Only)
• Stamp Duties on instrument executed by individuals
• Pool Betting, Lotteries Gaming and Casino Taxes
• Road Taxes
• Business premises registration fee in respect of urban and rural areas which includes registration fees and per annum for the renewals as fixed by each state
• Development Levy (individuals only) not more than 100 per annum on all taxable individuals
• Naming of street registration fees in the State Capital
• Right of Occupancy fees on lands owned by the State Government in urban areas of the State
• Market Taxes and Levies where State finance is involved
• Land use Charge, where applicable
• Entertainment Tax, where applicable
• Environmental (Ecological) fee or levy
• Mining, milling and quarrying fee, where applicable
• Hotel, Restaurant or Event Centre Consumption Tax, where applicable
• Animal Trade Tax, where applicable
• Produce Sales Tax, where applicable
• Slaughter or Abattoir fees, where applicable
• Infrastructure Maintenance Charge or levy, where applicable
• Fire Service Charge
• Property Tax, where applicable
• Economic Development Levy, where applicable
• Social Services Contribution Levy, where applicable
• Signage and Mobile Advertisement, jointly collected by the State and Local Government

Conclusion

Now that we have giving you a picture of the expectation of Taxes you have to pay this year, Note the below.

• You can pay online conveniently via https://pay.irs.os.gov.ng/
• You can pay via POS Marshals (Ensure you demand for and Get the receipt for the exact amount you paid)
• Any Commercial Bank in the State,
• Any Commercial Bank outside the State Via PayDirect
• Via POS at the Closest Osun State Tax Station to you

Please Note that Osun State Has a No Cash Policy and Transfer to Private or non-Osun State Governments Accounts is prohibited and a Crime. And for all payments you make, you will be issued an automated revenue receipt which you can verify by scanning the QR code on the receipt.

We appeal to you not to wait for enforcement before performing your civic duties, as this could cause significant inconvenience to you or your business , as your Company can be sealed or you can be arrested for evading Taxes.

If you have questions, please feel free to Leave a Comment or Contact Osun Internal Revenue Service on +234 816 133 8176 | info@oirs.ng

If you have any Complaint or want to Report any Official or Staff please call or send WhatsApp message to 0916 506 6144