The Federal Capital Territory Internal Revenue Service (FCT-IRS) has issued a directive, urging Ministries, Departments, and Agencies (MDAs), along with other employers of labor within the territory, to submit their annual returns of income for the year concluding on December 31, 2023.
The deadline for this crucial submission is set for January 31, 2024.
Legal Mandate Under the PITA
This call to action aligns with the provisions of Section 41 of the Personal Income Tax Act (PITA) 2011, as amended.
The stipulation mandates all employers in the FCT to file their annual returns using the prescribed forms, namely Form G and Form H1. The emphasis is on adherence to this regulatory requirement.
Penalties for Non-Compliance
The statement, signed by Mustapha Sumaila, Head of Corporate Communications at FCT-IRS, underscores the repercussions outlined in Sections 94, 95, and 96 of PITA. Penalties are specified for instances of non-filing, incorrect or false declarations, and late submissions.
The FCT-IRS asserts its commitment to enforcing these legal provisions, ensuring compliance from employers.
Submission Procedures and Options
Employers opting for online filing can access the required forms and procedures at www.fctirs.gov.ng. The portal offers account creation for new users and login options for those with existing accounts.
Additionally, electronic copies of returns can be submitted at any FCT-IRS office. For those choosing to file manually, the forms are accessible at the Service’s 15 offices, including the headquarters.
Urgent Call to Action
FCT-IRS urges employers, organizations, and agents to heed this call and fulfill their responsibility by submitting returns before the stipulated deadline of January 31.
The service underscores that non-compliance or delayed submissions will result in penalization, as dictated by the prevailing laws. The emphasis remains on fostering a culture of timely and accurate filing to uphold fiscal regulations.
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