Tax Types
Personal Income Tax is enacted by the Personal Income Tax Act (PITA LFN No. 104 of 1993 as amended). It imposes income tax on individuals, communities, families, executors, and trustees, and provides for the assessment, collection, and administration of income tax by State Internal Revenue Services.
The following Income Tax Assessments are provided by the Personal Income Tax Act:
• Direct Tax (Self-Assessment): This tax is payable annually on chargeable income (total income less allowable deductions) at the rates listed in the Sixth Schedule of the Personal Income Tax Act 1993.
• PAYE (Pay-As-You-Earn): This tax is paid by employers in respect of deductions from emoluments paid to employees at rates specified by the States’ Board of Internal Revenue Services. These rates ensure that the aggregate amount of such deductions during a year equals the annual amount payable using the rates specified in the Sixth Schedule of the Personal Income Tax Act 1993 – Section 81 of the Personal Income Tax Act 1993 and the Operation of the Pay As You Earn (PAYE) Scheme Regulations.
It is payable on selected instruments listed, and using the rates shown, in the Schedule to the Stamp Duties Act 1939.
This tax applies to taxable persons whose income cannot be ascertained, or whose records are not kept in a manner that would enable proper assessment of incomes.
This tax is imposed on goods and services consumed in hotels and event centres within Katsina State. It applies to any person who pays for the use or possession, or for the right to the use or possession, of any hotel, hotel facility, or event centre, or who purchases consumable goods or services in any restaurant, whether located within a hotel in Katsina State.
• Withholding Tax on Rents: This tax is paid by organisations paying rent to individuals at the rate specified in Section 69 (2) of the Personal Income Tax Act 1993.
• Withholding Tax on Interest: This kind of tax is paid by organisations paying interest to individuals at the rate specified in Section 70 (2) of the Personal Income Tax Act 1993. This is the final liability for personal income tax on that income.
• Withholding Tax on Royalties: It is paid by organisations paying royalties to individuals at the rate specified in Section 70 (2) of the Personal Income Tax Act 1993. This is the final liability for personal income tax on that income.
• Withholding Tax on Dividends: It is paid by companies paying dividends to individuals at the rate specified in Section 71 (2) of the Personal Income Tax Act 1993. This is the final liability for personal income tax on that income.
• Withholding Tax on Director’s Fees: This form of tax is paid by payers of director’s fees at the rate specified in Section 72 (2) of the Personal Income Tax Act 1993.
• Withholding Tax on Payments in Relation to Selected Activities, Services, and Commissions: This type of tax is payable on certain payments under the Personal Income Tax (Rate, etc., of Tax Deducted at Source (Withholding Tax) Regulations 1997.