FCT-IRS gives March 31 deadline to file tax returns

The Federal Capital Territory-Internal Revenue Service (FCT-IRS) has given a March 31 deadline to the residents of the FCT to file their tax returns.

A statement by Mustapha Sumaila, head, Corporate Communications, FCT-IRS reminded the residents that this obligation was in accordance with the Personal Income Tax Cap P8 2011 as amended.

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It is also stipulated in Section 41 of the aforementioned act, 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. The statement warned that the deadline would not be extended beyond the stipulated date and whoever fails to comply will face the consequences in accordance with the relevant laws for non-compliance.

‘’We urge all taxpayers to comply before the deadline and fulfill their tax obligations as prescribed by law. The FCT-IRS remains committed to ensuring tax compliance and maintaining a fair and efficient tax system, ‘’ the statement read in part.