The Federal Capital Territory Internal Revenue Service has called on all private companies, Ministries, Departments, Agencies, and other employers of labour within the FCT to file their employee annual tax returns for 2024 before the January 31, 2025 deadline.
The reminder comes as part of the service’s efforts to ensure compliance with the Personal Income Tax Act 2011 (as amended) and the PAYE Regulations, which mandate employers to file annual returns detailing all emoluments paid to employees, as well as the total taxes deducted for the preceding year.
In a press statement issued on Sunday by Head of Corporate Communications at FCT-IRS, Mustapha Sumaila the service emphasised that failure to meet the deadline could result in penalties and sanctions for defaulters.
The Acting Executive Chairman of the FCT-IRS, Michael Ango stressed the importance of timely filing during a recent stakeholder engagement for 2025.
“The filing of employee annual returns is a mandatory provision of the law. Failure to comply will attract penalties, and the FCT-IRS will not hesitate to impose sanctions on defaulters,” Ango said.
He also underscored the value of voluntary compliance, urging employers to adhere to their obligations to avoid penalties.
“The best form of compliance is voluntary compliance. We expect all taxpayers in the FCT to comply willingly,” he added.
Ango further called on all private organisations, MDAs, government-owned enterprises, and even sole proprietorships to meet their tax responsibilities.
“We urge employers to comply with their tax obligations, not only to avoid sanctions but also to contribute to the development of the FCT and support the Honourable Minister of the FCT, His Excellency Barrister Ezenwo Nyesom Wike, in transforming the city into a modern metropolis,” he added.
The FCT-IRS has made the necessary forms available for filing, and employers are urged to submit their returns using the prescribed documents “before the January 31 deadline.”