Oyedele reminds Nigerians of March 31 deadline for individual tax returns
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has urged Nigerians to file their annual tax returns within the deadlines set by law. He said employers must file their annual returns for employees, including pay projections and tax deductions, by January 31 each year. Individuals, including salary earners, must file their self assessment tax returns by March 31 for the previous fiscal year. Speaking during a webinar for HR managers, payroll officers, chief financial officers and tax managers, organised with the Joint Revenue Board, Oyedele warned that compliance levels remain very low nationwide. He noted that even in the most advanced states, less than five per cent of eligible individuals file returns. He explained that employees often assume that once employers deduct tax from their salaries, they have no further obligation. He stressed that this […]
