Sir,
REMINDER: MONTHLY PAYE REMITANCE & 2024 FILING OF ANNUAL RETURNS
Above subject refers.
- The provision of Section 81(2) of Personal Income Tax (Amendment) Act, 2011 requires that “Every employer shall be required to file a return with the relevant tax authority of all emoluments paid to its employees, not later than 31st January of every year in respect of all employees in its employment in the preceding year”.
- Also, Part 3(12b) of the Tax Administration (Self–Assessment) Regulation provides that, “An employer shall within ten days of the end of every month, pay to the designated bank of the relevant tax authority all taxes deducted under the Pay-As-You-Earn (PAYE) regulations, accompanied by a return approved by the relevant tax authority, showing the total emolument and total tax deducted from each employee during the month.”
- Pursuant to the foregoing provisions, the Federal Capital Territory Internal Revenue Service is requesting that you immediately commence filing of 2024 Annual Tax Returns with your registered TIN 6500154643 On or before 31st January, 2025as well as remitting all outstanding 2024 monthly tax deduction on or before 10th of January, 2025and forward the evidence of deductions, remittance and filing to FCT-IRS, CBD Tax Office.
- Be advised that failure to comply within the stipulated time frame will leave the Service with no option but to take necessary action in accordance with the provisions of the applicable tax laws.
- Thank you.
