Understand your tax responsibilities, taxpayer obligations and the major tax policies administered by the Imo State Internal Revenue Service.
Tax is a compulsory financial charge, levy or fee imposed by government on taxpayers in accordance with applicable laws.
Taxes may be imposed on income, consumption and other taxable activities primarily to generate revenue for government expenditure and the execution of projects for the common good of citizens.
Tax revenue contributes to government programmes, public services and infrastructure development.
Understanding the basic concepts of taxation helps taxpayers know their responsibilities and comply with applicable laws.
A taxpayer is an individual, whether self-employed or employed by another person, or a business entity operating in Imo State that is obligated under relevant laws to pay taxes to the Imo State Government.
Tax compliance is the ability of a taxpayer to conform with the applicable laws and regulations of Imo State, including accurate records, returns and remittances.
A constituted tax authority is a body authorised by law to assess, collect and account for government revenue and enforce applicable tax laws.
Taxpayers have important responsibilities under applicable tax laws and regulations.
View Tax FormsTaxpayers are expected to register and obtain the Imo State Social Security Benefit Number (IMSSBN).
Self-employed taxpayers should determine their applicable tax liability and remit accordingly.
Employers are expected to deduct and remit PAYE to government within the prescribed period.
Taxpayers are required to submit their relevant annual returns within the prescribed deadlines.
Maintain appropriate books, records and documents relating to income, expenditure and tax obligations.
Declare and pay applicable taxes in full on or before the prescribed due dates.
Explore the major taxes and related policies administered through the IIRS tax system.
Personal Income Tax applies to individuals and businesses resident in Imo State as provided under applicable tax legislation.
Learn MorePAYE is the method through which tax is deducted from employees' salaries and wages by employers and remitted to the relevant tax authority.
Learn MoreDirect Assessment applies directly to self-employed persons such as professionals, contractors and traders.
Learn MoreWithholding Tax is an amount deducted at source from qualifying payments for services rendered and remitted to the relevant tax authority.
Learn MoreCapital Gains Tax applies to gains arising from the disposal of qualifying capital assets, including assets such as land and shares.
Learn MoreStamp duties apply to qualifying legal instruments and documents executed by individuals.
Learn MoreThis tax applies to qualifying goods and services consumed in hotels, bars, restaurants and event centres within Imo State, where applicable. Businesses serve as collecting agents and are expected to remit within the prescribed period.
Learn MoreLand Use Charge is backed by the Land Use Charge Law (2020), which consolidates land-based charges under a single charge for ease of administration and collection.
Learn MoreTax administration is guided by applicable federal and state legislation. IIRS provides access to relevant laws and tax legislation for taxpayers and stakeholders.
View Tax LawsPITA and applicable amendments.
Relevant Finance Act provisions.
Applicable stamp duty legislation.
Relevant Imo State tax legislation.
Explore our resources or contact IIRS for assistance.
