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Tax Evaders
15 Years
Years Of Research
WHO WE ARE
New Voluntary TAX Payment Drive
Ipaytax Is a new method of digital TAX collection where personal income tax are paid in installment via airtime on a daily, weekly or monthly installment. This amount will be deducted from tax payers’ daily/periodic air time balance/recharge and subsequently transferred to the government's designated bank account. Kindly note that this is not a new form of tax but rather a simple, consistent and convenient strategic way of collecting tax from unsuspecting Tax Evaders through the adoption of a cutting edge technology currently at our disposal as an estimated N20 is deducted from their daily and/or periodic airtime balance/recharge
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TaxNet
Ipaytax
A creative New way to fish out Tax Evaders
This method of tax collection will be in consonance with the Presumptive Tax Regime as enunciated in Section 36 (6) of Personal Income Tax (Amendment) Act, 2011 which states as follows: “Notwithstanding any of the provisions of this Act, where for all practical purposes the income of the tax payer cannot be ascertained or records are not kept in such a manner as would enable proper assessment of income, then such a taxpayer shall be assessed on such terms and conditions as would be prescribed by the Minister in regulations by order of gazette under a Presumptive Tax Regime”.
Be Punctual On Your Tax payment
Law, Process, Technology
”. In furtherance of the above, Part IV of the Presumptive Tax Regulations, 2015 empowers relevant Tax Authorities to prescribe the mode and procedure for the payment of tax. Since according to Section 43 of the Act “A person whose only source of income in any year of assessment in employment in which he earns N30,000 or less is exempted from filling a tax return” Hence there is an economic justification of this system since it will also be rightly assumed that anybody that earns N30,000 or less per annum will not be able to afford a phone let alone maintaining it. In reality donating N10 daily as alms to beggars in our society will not pose any financial challenge to them not to talk of the giver of the alms regardless of whatever prevalent economic situation. Above all, tax is compulsory, it is a duty, it’s the law and it pays to pay tax
