2022 Tax Returns: FCT-IRS threatens to sanction defaulters

The agency said all taxpayers, particularly employers or agents in the FCT, were to file annual returns before the deadline.

News Agency of Nigeria • January 23, 2023

Tax returns Image used to illustrate the story

Tax returns form used to illustrate the story [Photo Credit; FCT-IRS]

FCT Internal Revenue Service (FCT-IRS) says January 31 is the deadline for companies and other eligible taxpayers to file their 2022 returns on income.

Its spokesman, Mustapha Sumaila, stated on Monday that the deadline would not be extended and warned that appropriate sanctions would be meted out to defaulters.

He stressed that all taxpayers, particularly employers or agents in the FCT, were to file annual returns before the deadline.

“This exercise is in compliance with Section 41 of the Personal Income Tax Act (PITA) 2011 (as amended).

“This provides that all employers of labour in the FCT are required to file annual returns of income from all sources for the year ended December 31, 2022.

“All employers are expected to file their returns on or before January 31 using the prescribed forms obtainable at all FCT-IRS tax offices across the FCT.

“Sections 94, 95 and 96 of the PITA stipulate penalties for non-filing, incorrect or false declaration and late submission,’’ Mr Sumaila stated.

(NAN)

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