Be the first to get an update on this story!

Join our Channel...

Whatsapp Channel

Wike Warns FCT Staff of Tax Evasion Consequences

Wike Warns FCT Staff of Tax Evasion Consequences

Federal Capital Territory Minister, Nyesom Wike, Issues Stern Warning on Tax Compliance to staff of the Federal Capital Territory.

In a recent statement released by Mustapha Sumaila, the Head of Corporate Communications at the Federal Capital Territory Internal Revenue Service (FCT-IRS), Minister Nyesom Wike has issued a fresh warning to employers in Abuja regarding tax obligations.

The directive emphasizes the mandatory filing of 2023 annual returns by all employers in the nation’s capital on or before January 31, 2024, by Section 41 of the Personal Income Tax Act (PITA) 2011 (as amended).

Sections 94, 95, and 96 of PITA outline penalties for non-filing, incorrect/false declaration, and late submission.

Sumaila stated, “The Service would not hesitate to enforce the laws on defaulters,” highlighting the seriousness of adherence to tax regulations.

FCT-IRS encourages employers, organizations, and agents to submit their returns before the January 31 deadline, cautioning that late filers and non-filers will face penalties as stipulated by the law.

This Article is Fact-Checked. See Policy.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Posts