The Internal Revenue Service (IRS) wishes to remind all Withholding Tax Agents that all taxes withheld from employment, payment for goods and services and all other withheld taxes, deducted in March, 2010 must be paid to the IRS by 15^th April, 2010.

Such payments must be accompanied by a schedule, in both hard and soft copies, indicating gross amount, tax deducted and name(s) of taxpayer(s).

Please note that failure to pay the tax withheld on due date attracts a penalty of 20% (for not more than 3 months) and 30% (exceeding 3 months) in addition to the tax unpaid, (Act 592 Section 143 as amended).

IRS-YOUR PARTNER IN NATIONAL DEVELOPMENT