Similar User
@spe_lagos
@sizyle
@IDTweets__
@Biob_scientist
@AyoLee__
@TBBWRLD
@uncommonalien
@pogbewekon
@Yetun_de
@lazyeyedanalyst
@Dr_bele
@oredolakay
@s_mamoud1
@major_smart
@teeeee_babe
Section 33 subsection 2 of the Personal Income Tax Act (PITA) previously defined Gross income as wages, salaries, allowances (including benefits in kind), gratuities, superannuation and any other incomes derived solely by reason of employment. #PwCTaxChat
Are you tasked with the responsibility of preparing financial statements or a lease model in your organisation? Join our financial statement preparation class to enhance your skills. Register here: ow.ly/UgfO50Dwzp3
The 2020 FA introduced Significant Economic Presence (SEP) rules for taxation of non-resident individuals carrying on technical, management, professional or consultancy (TPMC) services to a person resident in Nigeria. #PwCTaxChat
Payroll templates or applications should be updated to ensure compliance. Otherwise, penalties from 10% of unpaid amounts plus interest will accrue if tax is underpaid. We also do not want unhappy employees.
Today’s #PwCTaxChat takes a look at ‘The Impact of the Finance Act 2020 for you and your Employer’. Thread:
After the deduction, the employer must remit the amount to the relevant tax authority (RTA) on or before the 10th of the following month. #PwCTaxChat
For individuals in paid employment, the employer(s) has an obligation to deduct PIT at the time of paying the wage or salary under the Pay-As-You-Earn (PAYE) scheme. #PwCTaxChat
Based on the Finance Act 2020 and effective from 1 January 2021, low income earners on N30K per month or less are now exempt from PIT. #PwCTaxChat
Personal Income Tax (PIT) is a tax on the income earned by individuals (whether in paid employment or trade/business), families and communities. #PwCTaxChat #PIT
The employer’s annual return is due by 31st January. An employer who fails to file the annual return within the stipulated period is liable to pay a penalty. #PwCTaxChat
...the amount of tax (deducted under the PAYE scheme) in the prior year i.e., employers will file the return on employees pay for 2020 year of assessment in 2021. #PwCTaxChat
Today’s #PwCTaxChat will share insights on this topic: ‘Annual PAYE Tax Returns: Be aware, Be timely’. Tweet at us to ask questions, and kindly use the hashtag.
There are no additional penalties for not subscribing to the tax waiver before 31 December 2020. However, interest and penalties will continue to accrue in line with the relevant tax laws. #PwCTaxChat
The FIRS mentioned that one of the ways it will enforce collection of these taxes will be through the power of substitution, which based on experience includes freezing bank accounts. #PwCTaxChat
Today’s #PwCTaxchat will share updates on the FIRS’ waiver of penalties and interests on outstanding tax liabilities| Topic: Waiver of interest and penalties on outstanding taxes closes 31 December 2020
Hi Guys Please I'm curious as to whether there will be additional penalties if I do not subscribe to the tax waiver before 31 December 2020?
Hi guys Is there a limit to the amount of penalties and interest that will be waived under this scheme? #PwCTaxChat
Can I apply for an extension of the tax waiver?
United States Trends
- 1. Madison 71 B posts
- 2. #MyMastermind 1.608 posts
- 3. #schoolshooting 5.097 posts
- 4. $CUTO 10,1 B posts
- 5. Electoral College 8.798 posts
- 6. Abundant Life Christian School 33,9 B posts
- 7. Sayin 112 B posts
- 8. #GizZzVeİskaOlurMu 1.221 posts
- 9. Superman 160 B posts
- 10. Christmas Matters 1.000 posts
- 11. Air Noland N/A
- 12. Cutoshi 2.927 posts
- 13. #Your_favorite_team_is N/A
- 14. Ademola Lookman 75,2 B posts
- 15. #YuGiOhEDC N/A
- 16. Senate Democrats 6.310 posts
- 17. Constitutional Amendment 2.838 posts
- 18. Duttons 3.302 posts
- 19. Lonzo 1.496 posts
- 20. Broadway 15,7 B posts
Who to follow
-
SPE Lagos Section
@spe_lagos -
Moreike☺️
@sizyle -
🆔
@IDTweets__ -
Olúwásolá
@Biob_scientist -
Jaden Spliff
@AyoLee__ -
TBB
@TBBWRLD -
XĒAN
@uncommonalien -
Perfy 🇳🇬
@pogbewekon -
Simsima ༺♡༻
@Yetun_de -
Bunor Olumide Anifite
@lazyeyedanalyst -
Bello Ridwan O.
@Dr_bele -
oredola Kayode
@oredolakay -
Mamoud
@s_mamoud1 -
Major
@major_smart -
Taiwo 💛🤍
@teeeee_babe
Something went wrong.
Something went wrong.