Penalties for non-payment of taxes
Failure to remit various taxes attracts different penalties and interests depending on the nature of the offence and the type of tax prejudiced. Listed below are the offences against some domestic taxes and their corresponding penalties.
Offence Type |
Tax Type |
Penalties | ||
Late submission of return |
Corporate
|
Company |
| |
Individual |
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|
Pay As You Earn (PAYE) |
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|
Withholding Tax |
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|
Fringe Benefit Tax |
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|
Value Added Tax (VAT) |
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Turn Over Tax (TOT) |
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|
Provisional Tax |
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Failure to register |
Value Added Tax |
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