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Annual Returns: FCT IRS To Penalize Organisations, Employers

The Federal Capital Territory- Internal Revenue Service (FCT-IRS), is to penalize Organisations, Employers and Agents that fail to file their annual returns by January 31st 2023.

In a statement, the Head Cooperate Communications FCT IRS, Mr Mustapha Ismaila said the service has no plan for extension and would not hesitate to apply the laws where necessary to penalize or punish any organisation, employers or agents that defaults.

He said the law “In compliance with Section 41 of the Personal Income Tax Act (PITA) 2011 (as amended) provides that all employers of labour in the Federal Capital Territory (FCT) are required to file annual returns of income from All sources for the previous year on or before the 31st of January 2023 using the prescribed forms i.e Form G and Form H1.

According to him, Sections 94, 95 and 96 of the Personal Income Tax Act (PITA) stipulates penalties for non-filing, incorrect or false declaration and late submission.

“Copies of the forms (Form G and Form H1) can be obtained from any of the FCT-IRS Tax Offices across the territory or downloaded from the website https://www.fctirs.gov.ng/downloads”.

By Remi Johnson,Edited by Grace Namiji

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