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FCT-IRS issues deadline for annual income tax returns filing

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The Federal Capital Territory Internal Revenue Service has issued a directive to ministries, departments, agencies, and other employers of labor in the territory, urging them to submit their annual returns of income for the year ending December 31, 2023.

Failure to comply with the deadline of January 31, 2024, may result in sanctions.

The Head of Corporate Communications at FCT-IRS, Mustapha Sumaila, emphasized the importance of compliance with Section 41 of the Personal Income Tax Act (PITA) 2011 (as amended).

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This section mandates all employers in the FCT to file annual returns using the prescribed forms, Form G and Form H1, before January 31 of each year.

Sumaila stated, “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 would not hesitate to enforce the laws on the defaulters.”

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He further informed organizations that prefer online filing to visit the FCT-IRS website (www.fctirs.gov.ng) to create an account or log in for those with existing accounts.

Alternatively, they can submit electronic copies of returns at any FCT-IRS office. Physical forms are also available at the 15 offices, including the Service’s headquarters, for those opting to file manually.

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Sumaila urged employers, organizations, and agents to file their returns before the January 31 deadline to avoid penalties as stipulated by the law.

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