Taxpayers must without notice or demand file tax returns to the appropriate tax authority in the manner and form prescribed by the applicable laws. The Nigerian self-assessment system enables the taxpayer to assess and calculate tax liability, make payments and file returns to the tax authority.
All companies (resident or non - resident), including those
granted tax exemption are required to file their tax returns to the relevant tax
authority every year.
Below is a table of
the filing due date of taxes as prescribed by the applicable laws:
S/N
|
Applicable Tax
|
Filing Due Date
of Returns
|
1.
|
Company Income Tax
|
The earlier of 18
months after incorporation or 6 month after the end of the company’s accounting
date for new companies, within 6 months of the end of the company’s
accounting year for old companies.
|
2.
|
Value Added Tax
|
By the 21st
day of the month after the transaction
|
3.
|
Personal Income Tax
|
PIT: Within 90 days from the
commencement of the Year of
Assessment.
PAYE: On or
before 31st January of every year.
|
4.
|
Petroleum Profit Tax
|
Within 2 months after the commencement of each accounting period.
|
Register for the Tax Masters Training on the following topics:
• “Key Issues In Nigerian Tax” scheduled to hold on 7th April, 2017 at the Sheraton Hotel, Ikeja Lagos, and;
• “What You Need to Know About Tax” scheduled to hold on 5th May, 2017 at Chelsea Hotel, Central Business District, Abuja.
Time: 10am
Fee: N70, 000
For highlights of the Training click: http://taxmastersclass.blogspot.com.ng/2017/02/highlights-of-tax-masters-special.html
Click https://lnkd.in/duCAvdZ to register.
