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AGGRIEVED BY AN ASSESSMENT
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A taxable person being aggrieved by an assessment to income tax made upon him, having failed to agree with relevant tax authority in the manner provided in subsection (3) of section 57 of Personal Income Tax Act (PITA) 1993, may appeal against the assessment on giving notice as provided in section 61 of this Act within thirty days after the date of service of notice of the refusal of the relevant tax authority to amend the assessment as desired.
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Sub-section (3) of section 57 of this Act says:
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If a person who has objected to an assessment agrees with the relevant tax authority as to the correct amount of the tax chargeable, the assessment shall be amended accordingly and notice of the tax chargeable shall be served on the person. Provided that, if an applicant for revision under the provision of this subsection fails to agree with the relevant tax authority on the amount of the tax chargeable, the relevant tax authority shall give notice of refusal to amend the assessment as desired by that person and may revise the assessment to such amount as the relevant tax authority may, according to the best of its judgement, determine and give notice of the revised assessment and of the tax payable together with notice of refusal to amend the revised assessment and, where requisite, any reference in this Act to an assessment or to an additional assessment shall be treated as revised under the provisions of this proviso
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Question: What is the procedure for Tax Payment?
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Tax Payer goes to the Tax station to obtain Tax Assessment. Tax Payer goes to the bank with the assessment, obtains the customized teller, completes the set correctly and pays to the bank. Tax Payer drops the Accountant General's copy of the teller in the box while he/she goes away with two(2) copies of the teller temporarily. Tax Payer goes back to the bank two(2) working days after Value Date to collect the receipt. Tax Payer presents the Original Receipt at the Tax Station & Agency to complete the transaction for which assessment was obtained (if necessary). NB: Only One Receipt will be Issued Per Teller.
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Question: What does EBS-RCM Require from the Banks?
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The Bank ensures that the tellers are properly completed and receives deposit from the Tax Payers.
The Bank transmits Information of daily Transactions to Infiniti Segments Limited as agreed.
The Bank return one after (1) working day to Infiniti Segments Limited to collect receipts for delivery to respective Tax Payers.
The Bank obtains the Agency Copy of the teller before release of the receipts to the Tax Payers.
The Bank returns the Agency copy to the Agency through Infiniti Segments Limited.
NB: The Bank must ensure that both the accountant General's and Agency's Copies of the tellers are clear and legible.
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Question: How does EBS-RCM assist Tax Agencies?
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The Bank ensures that the tellers are properly completed before receiving deposits from the Tax Payers.
The Bank transmits Information of daily Transactions to Infiniti Segments Limited as agreed.
NB: Please note that delay in the issuance of receipts is usually due to the fact that Tax Payers do not provide correct information to the Banks or the Banks fail to Transmit the Information to Infiniti Segments Limited Promptly.
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