Business
Tax Remittance Failure: DFAs To Pay N.5m Fine
Any Director of Finance and Administrations (DFAs) in Rivers State who fails to remit tax deducted is liable for a fine of N500,000.
This was part of the outcome of a workshop organised by the Rivers State Board of Internal Revenue for Directors of Finance and Administrations and Treasurers of local government councils in Port Harcourt.
The forum also said that late filing of deducted tax also attract similar penalties.
In her address at the workshop, the Executive Chairman of the Board Mrs Onene Osila Obele-Oshoko described the workshop as a milestone on the on-going sensitisation and advocacy initiative, noting that the workshop is targeted at ensuring effective revenue generation in the state.
The Board Chairman who was represented by the Director In-Charge of Ministries, Departments and Agencies (MDAs) in the Board, Mr. Austin Ntor-ue said that government is taking measures to protect their tax base to deal with withholding tax and PAYE computation.
“Our focus will be on the fact that whenever we undertake tax planning whenever, we prepare a computation, we need to have reasonable bases for the position that we are taking in the transaction, or in the computation that is submitted. “More importantly, we need to be able to prove it”, she said.
The workshop also featured papers on tax clearance and PAYE computation.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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