Annual returns: FCT-IRS insists on January 31st deadline for tax payers

The Federal Capital Territory- Internal Revenue Service (FCT-IRS) has reminded taxpayers especially employers or agents in the FCT on the need to file their annual returns before the deadline of January 31, 2023 as the Service has no plan for extension.
A statement by the Head, Corporate communications, of the service Mustapha Sumaila warned that the service will not hesitate to apply the laws where necessary to penalise or punish any organisation, employer or agent who fails to meet up and file within the stipulated period as enunciated by law.

This exercise is “In compliance with Section 41 of the Personal Income Tax Act (PITA) 2011 (as amended) provides that all employers of labour in the Federal Capital Territory (FCT) are required to file annual returns of income from All sources for the year ended, (31st December, 2022) on or before the 31st of January 2023 using the prescribed forms i.e Form G and Form H1 respectively.

“Sections 94, 95 and 96 of the Personal Income Tax Act (PITA) stipulate penalties for non-filing, incorrect or false declaration and late submission.

“Copies of the forms (Form G and Form H1) can be obtained from any of the FCT-IRS Tax Offices across the territory or downloaded from the website at https://www.fctirs.gov.ng/downloads”