PUTTING THE RECORDS STRAIGHT CLAIMS BY ASUU AND OTHERS
The attention of the Office of the Accountant General of the Federation (OAGF) has been drawn to series of reports on claims by tertiary institutions unions, led by ASUU, that IPPIS was deducting their salaries and allowances to the extent that their take home is now only 50% or less of what they earn. It is pertinent that the Office of the Accountant General of the Federation (OAGF) puts the records straight for the interest of the general public and majority of staff of tertiary institutions that have displayed unparalleled understanding and cooperated with IPPIS till date. We hereby state as follows: The Pay As You Earn (PAYE) Tax is a statutory tax deductions paid by all salary earners. IPPIS applied the correct rate in compliance with Section 34 of the 6th schedule on personal income tax (Amendment) Act of 2011. Prior to migration to IPPIS, the rate of tax being applied by tertiary institutions was not correct, leading to underpayment of PAYE Tax. It is important to note t...
Comments
Post a Comment