By Eunice Orike
Federal Capital Territory Internal Revenue Service (FCT-IRS) has urged all employers of labor in the FCT, including private companies, Ministries, Departments, and Agencies (MDAs), to file their employee annual tax returns for 2024.
The deadline for submission is January 31st 2025.
This directive is in line with Section 81 of the Personal Income Tax Act (PITA) 2011 and the PAYE Regulations, which require employers to file annual returns of all emoluments paid to their employees and the total taxes ¹.
The FCT-IRS has warned that failure to comply with this directive will attract penalties and sanctions.
The Acting Executive Chairman, Mr. Michael Ango, emphasized that voluntary compliance is the best form of compliance and encouraged all employers to comply with their tax obligations to avoid sanctions and contribute to the development of the FCT.
To file the returns, employers can use the prescribed forms provided by the FCT-IRS. They can also file online through the FCT-IRS website or submit electronic copies of their returns at any of the FCT-IRS offices.
Therefore, Ango therefore enjoined all private organisations, MDAs, government owned enterprises and even sole proprietorships who are employers of labour in the FCT to comply with their tax obligations in order to avoid sanctions but more importantly, to contribute to the development of the FCT and support the efforts of the Honourable Minister of the FCT, His Excellency, Barrister Ezenwo Nyesom Wike CON, to transform the FCT into a truly modern city”.
