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Any organizations, employers, or agents that fail to gather , submit their yearly returns will be penalized – FCT-IRS

The Federal Capital Territory’s Internal Revenue Service (FCT-IRS) will implement the law to penalize or punish any organizations, employers, or agents that fail to comply with the clearly outlined filing deadline.

As the Service has no intentions to extend the deadline, it recommended taxpayers to file their annual reports by the deadline of January 31, 2023, especially if they have employers or agents in the FCT.

According to Mustapha Sumaila, the FCT-head IRS’s of corporate communications, in a statement to press in Abuja.

The statement reads: 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”.

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