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Countdown to the January 31 deadline for filing 2018 PAYE returns

Countdown to the January 31 deadline

It is now 13 working days to the expiration of the 31 January 2019 statutory deadline for the filing of Employer’s Pay-As-You-Earn (PAYE) returns.

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Wole Obayomi

Partner & Head, Tax, Regulatory & People Services

KPMG in Nigeria

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The returns, which show each employee’s emolument and tax paid in the preceding year, are to be filed with the relevant tax authority in the State where the employees were resident (and with the Federal Capital Territory Internal Revenue Service for employees that were resident in Abuja) in 2018.
 
We understand that both the Lagos State Internal Revenue Service (LIRS) and Rivers State Internal Revenue Service (RIRS) have introduced online platforms through which employers or designated tax agents are required to file their statutory PAYE returns. Consequently, submission of hardcopy returns at the LIRS and RIRS tax stations may no longer be accepted. Please click on the following links to access guidelines issued by the LIRS and the RIRS for electronic filing of the PAYE returns.
 
It is important to note that failure by an employer to file the annual PAYE returns within the statutory timeline attracts, upon conviction, a penalty of ₦500,000 and ₦50,000 for corporate entities and individuals, respectively.
 
Taxpayers should, therefore, ensure prompt compliance in order to avoid penalties by relevant tax authorities.
 
For further enquiries on the above, please contact:
 
Wole Obayomi

ng-fmtaxenquiries@ng.kpmg.com

© 2019 KPMG Professional Services, a partnership registered in Nigeria and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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