The Federal Capital Territory Internal Revenue Service (FCT-IRS) has called on private companies, Ministries, Departments, Agencies (MDAs), and other employers of labor within the Federal Capital Territory to file their employees’ annual tax returns for 2024 by January 31, 2025.
This directive is in line with Section 81 of the Personal Income Tax Act (PITA) 2011 (as amended) and PAYE regulations, which mandate employers to submit detailed annual returns of emoluments paid to employees and total taxes deducted for the preceding year.
A statement issued on Sunday by the Corporate Communications Manager of the Service, Mustapha Sumaila urged Employers are required to use the forms prescribed by FCT-IRS for this purpose.
The statement quoted the Acting Executive Chairman of FCT-IRS, Mr. Michael Ango, whike speaking at a stakeholders’ engagement recently tobhave emphasized the importance of compliance, warning that failure to meet the deadline would attract penalties and sanctions.
He encouraged voluntary compliance, highlighting its role in fostering accountability and easing tax administration.
“We urge all private organizations, MDAs, government enterprises, and sole proprietorships within the FCT to fulfill their tax obligations.
Beyond avoiding sanctions, this compliance will contribute significantly to the development of the FCT and support the Honourable Minister, Barrister Ezenwo Nyesom Wike CON, in his vision of transforming the FCT into a modern city,” Ango stated.
The FCT-IRS reiterated its commitment to efficient tax administration and calls on all stakeholders to cooperate in building a financially sustainable capital territory.