By Daniel Tyokua
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has urged private companies, Ministries, Departments and Agencies (MDAs)) of government and all other employers of labour in the FCT to file their employee annual tax returns for 2024, before the deadline of January 31, 2025.
This is in compliance with Section 81 of the Personal Income Tax Act (PITA) 2011 (as amended) and the PAYE Regulations, which mandates all employers of labour in the FCT to file annual returns of all emoluments paid to their employees and the total taxes, not later than 31st January of every year in respect of all employees in their employment in the preceding year.
The returns are to be filed using the prescribed forms provided by the FCT-IRS.
Acting Executive Chairman, Mr Michael Ango at a stakeholder’s engagement for 2025, stated that the filing of the employee annual returns by all employees is a mandatory provision of the law and that failure to do so will attract penalties and other sanctions which the FCT-IRS will not hesitate to impose on any defaulters.
He further stated that the best form of compliance is voluntary compliance, which the FCT-IRS expects from all taxpayers in the FCT.
Ango therefore enjoined all private organisations, MDAs, government owned enterprises and even sole proprietorships who are employers of labour in the FCT to comply with their tax obligations in order to avoid sanctions but more importantly, to contribute to the development of the FCT and support the efforts of the Honourable Minister of the FCT, His Excellency, Barrister Ezenwo Nyesom Wike CON, to transform the FCT into a truly modern city.
