Breaking News

Osun begins Interview for shortlisted Teachers across the State | GOVERNOR ADELEKE EULOGISES SPEAKER EGBEDUN AT 40 | GOVERNOR ADELEKE EXTOLS EX-DEPUTY GOVERNOR, ERELU OBADA AT 74. | GOVERNOR ADELEKE EXTOLS EX-DEPUTY GOVERNOR, ERELU OBADA AT 74. | GOV. ADELEKE DECLARES FRIDAY, JUNE 27, 2025, AS PUBLIC HOLIDAY TO MARK HIJRAH 1447AH | Hijrah 1447: Governor Adeleke Felicitates with Muslim Ummah. | GOVERNOR ADELEKE GREETS CHIEF OF STAFF TO PRESIDENT, FEMI GBAJABIAMILA, AT 63. | GOVERNOR SANWO-OLU AT 60. | Osun LGs: Governor Adeleke Restates Commitment to Peaceful Resolution | Governor Adeleke Eulogises Sister, Yeyeluwa Modupeola Adeleke-Sanni on her birthday | Governor Adeleke Eulogises Sister, Yeyeluwa Modupeola Adeleke-Sanni on her birthday. | Tinubu Minister Commends Governor Adeleke for Rapid State Development | GOVERNOR ADELEKE FELICITATES OBA AKANBI AT 58. | Governor Adeleke Honoured with Award of Excellence on Climate Action at OAU International Conference. | Don’t pay Osun Local Government Fund into Private Accounts, LG Commissioner Warns CBN, AGF | OYEBAMIJI IS A FALSE ALARMIST, PEDDLING FALSEHOOD TO SHORE UP HIS DESTINED-TO-FAIL ASPIRATION– Spokesperson. | OSUN LOSES ES, COUNCIL FOR ARTS AND CULTURE AS GOVERNOR ADELEKE COMMISERATES WITH OBA ABOLARIN. | Kola Ogunwale as Chairman, College of Health Technology. | Osun Defender’s News Story On Abandonment of Unity Estate, Ido Osun; Fake and Deceitful. | EID-EL-KABIR: YOUR SACRIFICES WILL NOT GO UNREWARDED, GOVERNOR ADELEKE ASSURES OSUN PEOPLE. | Osun Exco Approves Osun State Water Users Association (Irrigation) Bill 2025.
Osun Banks Get Ultimatum To Remit Taxes To Govt
Webmaster December 30, 2013

Osun Banks Get Ultimatum To Remit Taxes To Govt

COMMERCIAL banks operating in Osun State have been given December 31 deadline to settle outstanding debts amounting to about N1 billion owed the state government in form of taxes deducted from their staff, withholding taxes and other taxes and rates due to Osun State government.
Acting Chairman, Osun State Internal Revenue Service (IRS), Mr. Dayo Oyebanji, who gave this directive, said the financial institutions have been given adequate time to remit the funds before the ultimatum was set.
Addressing reporters yesterday in Osogbo, Oyebanji said the state government had directed the affected banks that all outstanding taxes, withholding taxes and other taxes, must be paid into the coffers of the state government on or before December 31, 2013, failure of which they would be sanctioned and delisted as agent for collection of taxes in the state.
The state government was also said to have directed all banks collecting money and taxes on its behalf to, within the same period, integrate into the new e-payment system and ensure that all monies and taxes are promptly paid into the state government account for automatic revenue receipts to payers.
It also frowned against alleged delay in the sweeping or remittance of money collected on behalf of the government by banks, saying that the delay in posting revenue collected on behalf of the government through e-payment system into the general revenue account, impedes flow of income.
Oyebanji, who did not name the affected banks, declared that the government had resolved that non-compliant banks over integration on e-payment application risk being delisted from revenue collection agents of the state government.The state IRS, in a warning letter written to banks and entitled: “Demand Notices on Liabilities from Backduty
Investigation on PAYE, Withholding and Development Levy for the PAYE (Amended Liability 2012)”, and signed by Dayo Oyebanji dated December 13, 2013, said: “Please, be informed that our board would be left with no other option than to disdain your bank provided you failed to settle your backduty liabilities mainly on PAYE and withholding taxes for the year 2012.
He said: “We have been on this reconciliation exercise for almost six months and kindly note that the board has been very considerate to your bank based on the existing good relationship, that explains why we have waited for this long to enable us give adequate consideration to your appeal”, the board maintained.
THE GUARDIAN

Leave a Reply

Your email address will not be published. Required fields are marked *