Taxes
WHAT YOU NEED TO DO
Visit any of the Internal Revenue Service officers or any Bayelsa State Government designated collection bank today.
Obtain and understand all necessary information concerning payment of taxes.
make payment in line with the minimum tax payable for each income category as stipulated below.
| SALARY RANGE |
TAX PAYABLE PER MONTH |
|
| 1 - 25000 Minimum | 0.5% | |
| 25001 - 30000 |
425.00 |
|
| 30001 - 35000 |
900.00 | |
| 350001-40000 |
1,667.00 | |
| 40001 - 45000 | 2,626.00 | |
| 450001-50000 | 3,625.00 | |
| 50001-55000 | 4,625.00 | |
| 55001-60000 | 5,625.00 |
A. MAXIMUM RELIEFS ARE GRANTED AS FOLLOWS:
Personal Allowance of 20% on the average of salary category per annum + N5,000
Rent Allowance of N150,000.00
Transport Allowance of N20,000.00
Children Allowance of N10,000.00
Dependent Relative Allowance of N4,000.00
Meal Subsidy of N5,000.00
Utility Allowance of N10,000.00
Entertainment Allowance of N6,000.00
B. TAX RATE IS APPLIED AS FOLLOWS:-
1st N30,000 of taxable income at 5%
Next N30,000 at 10%
Next N30,000 at 15%
Next N50,000 at 20%
Above N160,000 at 25%
BENEFITS
Self assessment saves time
Documentation authentic
You will be fulfilling your civic responsibility
Please note that this is a provisional assessment.
for further inquiries contact:
Office of the Executive Chairman, Bayelsa State of Internal Revenue Service, Revenue House, Lambert Eradiri Road, Onopa, Yenagoa, Bayelsa PMB 59,Yenagoa, Bayelsa.
E-mail:
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Tel: +234-089490268