The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has reminded individuals residing in the nation’s capital, Abuja to file in their tax returns before the 31st of March 2024.
In a statement signed by the Head, Corporate Communications of the Service, Mustapha Sumaila, the agency said the obligation, is in accordance with the Personal Income Tax Cap P8 2011 as amended.
The statement added that it is also stipulated in Section 41 of the aforementioned act, that all taxable entities must timely submit a return reflecting their total income from all sources for the preceding fiscal year to the relevant tax authority within 90 days of the commencement of each assessment year.
It further explained that it is crucial to note that the deadline for filing tax returns will not be extended beyond the stipulated date and whoever fails to comply will face the consequences in accordance with the relevant laws for non-compliance.
The agency urged all taxpayers to comply before the deadline and fulfill their tax obligations as prescribed by law. The FCT-IRS remains committed to ensuring tax compliance and maintaining a fair and efficient tax system.
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