Explore the major taxes, levies and revenue obligations administered by the Imo State Internal Revenue Service.
Different taxes apply to individuals, employees, businesses, property owners and other taxable activities. Find the category that applies to you and learn more about your obligations.
Personal Income Tax applies to taxable income of individuals and other persons subject to the applicable tax laws.
View DetailsPay-As-You-Earn is the system through which employers deduct applicable personal income tax from employees' earnings.
View DetailsDirect Assessment is relevant to self-employed individuals, professionals, traders and other persons whose income is not subject to PAYE.
View DetailsA levy applicable to qualifying business premises operating within Imo State in accordance with applicable legislation.
View DetailsWithholding Tax involves the deduction of applicable tax at source from qualifying payments before the amount is remitted to the relevant authority.
View DetailsCapital Gains Tax relates to gains arising from the disposal of qualifying chargeable assets.
View DetailsStamp duties apply to qualifying instruments and documents as prescribed by applicable legislation.
View DetailsA consumption-related tax applicable to qualifying hospitality and consumption activities in Imo State.
View DetailsA charge relating to qualifying interests in land and property within Imo State, administered under applicable state law.
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Personal Income Tax is a tax imposed on taxable income of individuals and other persons as provided by the relevant legislation.
Depending on the taxpayer's source of income and circumstances, tax may be administered through PAYE, Direct Assessment or another applicable mechanism.
PAYE is a system for collecting personal income tax from employees through deductions from their employment income.
Employers are responsible for making the applicable deductions and remitting them to the relevant tax authority within the prescribed period.
Direct Assessment is used for assessing qualifying self-employed taxpayers and other persons whose income is not collected through the PAYE system.
Taxpayers should maintain accurate records of income and allowable expenses and comply with applicable filing and payment requirements.
Business premises obligations apply to qualifying businesses operating within the State in accordance with applicable law.
Businesses should ensure that applicable registration, assessment and payment requirements are satisfied.
Withholding Tax is deducted from qualifying payments at source and subsequently remitted to the relevant tax authority.
Persons responsible for making qualifying payments should comply with the applicable deduction, documentation and remittance requirements.
Capital Gains Tax concerns gains arising from the disposal of qualifying chargeable assets.
Taxpayers should retain appropriate documentation relating to the acquisition, ownership and disposal of relevant assets.
Stamp duties apply to qualifying instruments and documents in accordance with the relevant legislation.
Taxpayers should ensure that documents requiring stamping are properly processed within the applicable requirements.
This tax relates to qualifying consumption and hospitality activities within the State.
Qualifying businesses are expected to comply with registration, collection, documentation and remittance requirements.
Land Use Charge applies to qualifying interests in land and property as provided under applicable Imo State legislation.
Property owners and other liable persons should comply with the applicable assessment and payment requirements.
Explore the applicable tax policies, legislation and taxpayer resources.
