Abuja residents should file tax returns or face sanction, FCT-IRS warns
Federal Capital Territory-Internal Revenue Service (FCT-IRS) has urged Abuja residents to file their tax returns before March 31 or face the consequences.
This is contained in a statement on Tuesday.
The agency said the directive was in accordance with the Personal Income Tax Cap. P8, 2011 (as amended).
“FCT-IRS wishes to remind all individuals residing in the FCT to file their tax returns before March 31, 2024. This obligation is in accordance with the Personal Income Tax Cap P8 2011 as amended.
“It is crucial to note that the deadline for filing tax returns will not be extended beyond the stipulated date.
“Whoever fails to comply will face the consequences, in accordance with the relevant laws for non-compliance,” it said.
The FCT-IRS urged all taxpayers to comply before the deadline and fulfil their tax obligations as prescribed by law.
The statement said FCT-IRS remained committed to ensuring tax compliance and maintaining a fair and efficient tax system.
It added 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.
(NAN)
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