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18 November 1961

Nigeria Government Gazette supplement dated 1961-11-18 number 87 part B

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                                                                                            B399
Supplementto Official Gazette Extraordinary No. 87, Vol. 48, 18th November,
                                                                  1961—Part B

LN. 153 of 1961
          PERSONAL INCOME TAX (LAGOS) ACT, 1961
                       (1961, No. 23)
   Personal Income Tax (Lagos) (Income Rate) Regulations, 1961
    In exercise of the powers conferred upon the Federal Minister ofFinance
under subsection (5) of section 12 of the Personal Income Tax (Lagos) Act,
1961, the Minister with the approval of the Council of Ministers has made the
following regulations—

  1. These Regulations may be cited as the Personal Income Tax (Lagos)              Citation and
(Income Rate) Regulations, 1961, and shall be deemed to have come into              commence-
                                                                                    ment.
effect from the Ist day of April, 1961.
  2. In these Regulations, unless the context otherwise requires :—                 Interpre-
                                                                                    tation.
    “the Board”? means the Federal Board of Inland Revenue established
  undersection 3 of the Companies Income Tax Act, 1961;
    “the Act” means the Personal Income Tax (Lagos) Act, 1961 ;
    “employee” means any person in receipt of wages, salary or other
  emoluments ;
   “employer” means any person paying ‘wages, salary or other emoluments
  to an employee and shall include whenever necessary a principal agent,
  manager or other representative in Lagos of any employer whots outside
  Lagos or, Nigeria;
    “year of assessment” means the period of twelve months commencing
  on the first day of April, 1961, and each subsequent period of twelve
  months,                                        ,
   3. Every individual charged and assessed with income rate under the Act,         Direct
‘but which rate is not deductible under the provisions of Regulations 4 and 5       payment of
                                                                                    income
hereof, shall pay the same direct to the Board or to any person duly authorised     trate to
by the Board to receive the said incomerate.                            .           the Board.

   4, Every employer shall deduct the income rate from the wages, salary or         Employers
                                                                                    to make
‘other emoluments of such of his employees as are, for any year of assessment,      income rate
charged and assessed therewith, and liable therefor, under the Act. The             deductions.
said deduction shall be made from such wages, salary or other emoluments
of each such employee as shall become due and payable to the said employee
in respect of the month specified by the Notice of Assessment made under
section 29 of the Act; and if no such wages, salary or other emoluments
shall be payable to the said employee in respect of the said month, then the
deduction shall be made from such wages, salary or other emoluments as
shall become due and payable to the said employee immediately subsequent
to the said month specified.
   5. Where, in the case of any individual employee, a deduction cannot be          Income rate
 made under Regulation 4 hereof by reason of the said employeenot being             deductions
                                                                                    in cases of
 liable to pay the incomerate at the time specified by the Notice of Assessment      late Habitity.
 made undersection 29 of the Act, but later, during the year of Assessment,
 the said employee becomes so liable the employer shall deduct the said rate
 from such wages, salary or other emoluments as become due to the said
 employee immediately subsequentto the date upon which the said employee
 becameliable to pay the incomerate.                          °                 ;

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