The tax authority of the Nigerian State of Ogun issued guidance concerning the filing of monthly Pay-As-You-Earn (PAYE) tax returns.
Under prior rules, employers typically have sent monthly payment instructions/instruments to their banks without providing any supporting PAYE tax remittance schedule. Employers were not required to submit their monthly PAYE tax returns separately to the tax authority.
The new rules provide that employers of employees who are residents in Ogun state must now submit monthly PAYE tax returns using a specified form, along with related evidence of the tax paid to the tax authority in both soft (electronic) and hard copies. The guidance also requires outsourcing companies to provide details of entities to whom their outsourced personnel have been assigned to work in Ogun state.
Read a December 2017 report [PDF 153 KB] prepared by the KPMG member firm in Nigeria
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.