PENALTY FOR NON-PAYMENT OF PERSONAL INCOME TAX.* DAILY LAW TIPS (Tip 322) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

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*PENALTY FOR NON-PAYMENT OF PERSONAL INCOME TAX.*
DAILY LAW TIPS (Tip 322) by Onyekachi Umah, Esq., LLM. ACIArb(UK)

Personal Income Tax is tax charged on incomes of individuals resident in Nigeria, communities and even families and also incomes of trustees or estates of a deceased person.
Failure to pay Personal Income Tax after an assessment is made, is an offence. It is punishable with a penalty of 10% per annum of the tax charged.
Also, failure to pay the penalty for non-payment of income tax within 30 days is also an offence and is punishable with fine of #200.00 and 6 months imprisonment.

My authorities are sections 1, 76, 94 and 109 of the Personal Income Tax Act, 1993.

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