The Federal Capital Territory Internal Revenue Service has called on residents to file their personal income tax returns before the March 31, 2026 deadline.
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has issued an urgent warning to all taxable residents to ensure their personal income tax returns are filed by March 31, 2026. This deadline is applicable to a wide range of individuals, including employed persons, public office holders, self-employed individuals, and business owners. The importance of adhering to this deadline is stressed in a recent press release by Mustapha Sumaila, Head of Corporate Communications for FCT-IRS, highlighting the requirement for individuals to declare their income from all sources for the preceding tax year 2025.
The directive mandates that all taxable entities within the Federal Capital Territory must submit a comprehensive statement detailing their earnings and deductions. This includes employees who are part of the Pay-As-You-Earn (PAYE) scheme, self-employed professionals, informal sector workers, and business proprietors. The FCT-IRS states that this compliance is not only a civic responsibility but also aligns with various legal frameworks including the Nigerian Constitution and relevant acts governing tax administration.
Failure to comply with the tax return filing requirements could result in penalties, emphasizing the necessity for residents to be diligent in their tax obligations. This initiative by the FCT-IRS serves to enhance tax compliance in the jurisdiction, aiming to boost public revenue for infrastructure development and social services. Therefore, all taxable individuals are reminded to take their responsibilities seriously to avoid any legal repercussions.
