In summary, what are the tax obligations of CFBO?

1. Register and Obtain the Tax Identification Number (TIN)
2. File tax returns on or before the due dates
3. Pay taxes as applicable on or before the due dates
4. Keep accounting books and records of transactions

In the event that any of these is not done or that there is a delay in the filing or remittance, the CFBO will be said to have committed an offence.