The Employers of Labour are deemed to be the unpaid agent of the tax authority for the purpose of deducting and remitting the taxes from the salaries due to the employees.

WHAT IS PAYE?

The abbreviation P.A.Y.E. stands for Pay-As-You-Earn and it is a Tax payment method in which an employer is required by law to deduct income tax from an employee’s taxable wages or salaries.

Remittances of PAYE are based on your place of residence irrespective of where you work. For instance, if you live in Lagos and you work in Rivers State your tax remittances for PAYE is paid directly to Lagos State Internal Revenue Account.

You need solutions to the PAYE Computations for your school, hotel, business or you want us to build a working spreadsheet for PAYROLL solution?


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