Taiwo Oyedele Urges Nigerians to File Annual Tax Returns Before Deadline
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy Tax Reform, has urged Nigerians to file their annual tax returns, emphasizing the need for both employers and individuals to comply with tax laws. During a webinar organized for HR managers, payroll officers, CFOs, and tax managers, Oyedele highlighted the non-compliance issue in Nigeria, with only a small percentage filing self-assessment returns.
He stressed that filing annual returns is mandatory, and failure to do so could result in penalties. Oyedele assured Nigerians that the tax authorities are working to simplify the filing process.
The deadline for filing returns is set for March 31st of each year for the previous fiscal year. Oyedele also mentioned that businesses can benefit from tax incentives but must disclose these incentives in their returns.
Compliance with tax laws is crucial for all taxpayers in Nigeria.
Plus234Feed summary based on reporting from Politics Nigeria. Read the original report below.
Read full article
Continue on Politics Nigeria
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
Nigerian Tax Expert Urges Timely Tax Filing to Avoid Penalties
Nigerian Government Urges Citizens to File Tax Returns by March 31 for Compliance
LIRS Sets Deadline for Lagos Employers to File 2025 Tax Returns, Threatens Penalties
LIRS Reaffirms January Deadline for Tax Return Filing in Lagos State
Nigeria to Implement New Tax Laws Despite Concerns - Taiwo Oyedele
Oyedele Urges Implementation of New Tax Laws by 2026 to Prevent Worker Suffering
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
