The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has reminded Nigerians that they must submit their annual tax returns by March 31. The call affects both individual taxpayers and employers who are required by law to file returns.
Oyedele made the announcement during a webinar for human resources managers, payroll officers, chief financial officers, and tax managers, organized in partnership with the Joint Revenue Board. He noted that many Nigerians have not complied with filing self-assessment tax returns, which remains a major concern for authorities.
Employers are expected to file returns for their employees, including projected salaries and tax obligations. Individuals are also required to file self-assessment returns even if taxes have been deducted from their salaries. Many people mistakenly assume that employer deductions relieve them of the responsibility to file, but both current and previous tax regulations require compliance.
The committee chair added that authorities are working to simplify the filing process to make it easier for taxpayers, including those with lower incomes. Businesses that benefit from tax incentives are also required to disclose them when submitting their returns.
Oyedele urged all Nigerians to ensure they complete their tax filings before the March 31 deadline to comply with legal requirements and avoid penalties.
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