Always Visit www.NaijaCover.Com

Posted By MrCover On January 8th, 2024

The Minister of the Federal Capital Territory, Nyesom Wike, has warned employers about the nation’s capital overtax.

Head of Corporate Communications at the Federal Capital Territory Internal Revenue Service, FCT-IRS, Mustapha Sumaila, disclosed this in a statement on Sunday.

According to him, all employers in Abuja should file their 2023 annual returns on or before January 31 2024.

He added that the demand complied with Section 41 of the Personal Income Tax Act (PITA) 2011 (as amended).

“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.

“Meanwhile, FCT-IRS encourages employers of labour, organizations, and agents to file their returns before the January 31 deadline; otherwise, the late filers and non-filers are penalized in accordance with the law,” he stated.

Source: https://dailypost.ng/2024/01/08/wike-issues-fresh-warning-to-employers-in-abuja-over-tax/