Taxpayers to File the 2020 Individual Income Tax Returns by the Deadline of March 31st, 2021

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Thursday, March 04, 2021 / 11:30 AM / by Deloitte / Header Image Credit: Taisha Associates

 

In accordance with Section 41 of the Personal Income Tax Act (PITA) (as amended), all taxable persons are required to file a return of claims and income from every source (earned and unearned income) for the year preceding the year of assessment, with the relevant tax authority (RTA). Therefore, all taxable persons are obligated to file their individual tax returns (Form A) within 90 days from the commencement of every year of assessment (i.e., by 31 March of every year).

 

The relevant tax forms for the purpose of filing Form A can be downloaded from the website of the various state tax authorities or obtained physically from their offices. The following state tax authorities have adopted e-filing for this purpose and we anticipate that other state tax authorities will follow suit as we draw near to the deadline:

 

Taxpayers are advised to get familiar with the income tax filing obligations and start collating necessary documentation ahead of the deadline of 31 March 2021.


 

 Proshare Nigeria Pvt. Ltd.



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Proshare Nigeria Pvt. Ltd.


Proshare Nigeria Pvt. Ltd.

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