By Stanley Onyekwere
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has extended the deadline of filing of Annual Tax Returns by one month for organisations and employers of labour in the FCT.
This, the FCT-IRS attributed to the taxpayers’ request for extension, 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.
According to a statement signed by Head Corporate Communications, FCT-IRS, Mustapha Sumaila, warned that any organisation that fails to file after expiration of this new deadline will be penalised accordingly.
“Our 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”
“This tax obligation is in compliance with Section 81 of the Personal Income Tax Act (PITA) 2011 (as amended) which mandates all employers of labour in the FCT to file annual returns before January 31 of every year using the prescribed forms, Form G and Form H1 respectively.
“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”, the statement stressed.
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