Nigeria: Extended deadline for companies filing income tax returns, reconciling unused withholding tax credit notes

One-month extension of the deadline for companies filing income tax returns and paying tax liabilities

One-month extension of the deadline for companies filing income tax returns

The Federal Inland Revenue Service today announced a one-month extension of the deadline for companies filing income tax returns and paying tax liabilities. The extension applies for companies with 31 December accounting year-end.

The extension also affects the ongoing exercise for reconciliation of unused withholding tax credit notes for all companies on TaxPro-Max.

Consequently, affected companies now have until 31 July 2021 to regularise their tax profile on TaxPro Max, submit their income tax returns, and pay the resulting tax liabilities to avoid the imposition of late-filing penalties and interest.
 

Read a July 2021 report [PDF 232 KB] prepared by the KPMG member firm in Nigeria 

 

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