Nigerian Government Urges Citizens to File Tax Returns by March 31 for Compliance

The Nigerian government, through Taiwo Oyedele, chairman of the Presidential Committee on Fiscal Policy Tax Reform, is urging all citizens to file their tax returns by March 31 to comply with tax laws. Oyedele emphasized the mandatory nature of individual and employer tax compliance during a webinar held in partnership with the Joint Revenue Board.

He highlighted the significant number of Nigerians failing to meet their tax obligations, with many not filing self-assessment returns. Oyedele clarified that individuals and employers, including those who have already paid staff salaries, need to file their annual returns.

He also mentioned recent tax reforms aimed at simplifying the filing process and encouraging broader participation. The government is working to make the tax system easier for all to comply with.

Failure to file tax returns can lead to penalties, and Oyedele reassured citizens that efforts are underway to simplify the process. The call for compliance is part of ongoing tax reforms to ensure transparency and accountability in tax matters.