Abuja, Feb. 1, 2024: The Federal Capital Territory Internal Revenue Service (FCT-IRS) has extended deadline of Annual Tax Returns filings from Jan. 31 to Feb. 29 for organisations and employers of labour in the FCT.<\/p>\n\n\n\n
The FCT-IRS Head of Corporate Communications, Mr Mustapha Sumaila, disclosed this in a statement in Abuja on Wednesday.<\/p>\n\n\n\n
\u201cThe management of FCT-IRS out of magnanimity, heeds to the taxpayers\u2019 request for extension, the deadline have been extended by one month.<\/p>\n\n\n\n
\u201cThis is to enable the organisations and employers of labour as well as agents who have not filed their annual returns to seize this opportunity to do so.<\/p>\n\n\n\n
\u201cOur taxpayers are our customers, we hold them in high esteem, hence the reason for this extension but any organisation that fails to file after expiration of this new deadline will be penalised accordingly,\u201d he said.<\/p>\n\n\n\n
Sumaila said that tax obligation was in compliance with Section 81 of the Personal Income Tax Act (PITA) 2011 (as amended).<\/p>\n\n\n\n
He said the act mandated all employers of labour in the FCT to file annual returns before Jan. 31 of every year, using the prescribed forms, Form G and Form H1 respectively.<\/p>\n\n\n\n
\u201c It is also clearly stated in Sections 94, 95 and 96 of PITA which stipulate penalties for non-filing, incorrect\/false declaration and late submission and the service will not hesitate to enforce the laws on the defaulters.<\/p>\n\n\n\n
\u201c Organisations that wish to file online may visit www.fctirs.gov.ng and click on create account or click on login, for those already have accounts, or you can proceed to any of the FCT-IRS offices to submit electronic copies of your returns,\u201d Sumaila said.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Abuja, Feb. 1, 2024: The Federal Capital Territory Internal Revenue Service (FCT-IRS) has extended deadline of Annual Tax Returns filings from Jan. 31 to Feb. 29 for organisations and employers of labour in the FCT. The FCT-IRS Head of Corporate Communications, Mr Mustapha Sumaila, disclosed this in a statement in Abuja on Wednesday. \u201cThe management […]<\/p>\n","protected":false},"author":2,"featured_media":21101,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[58],"class_list":["post-55407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-tax","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n