Nigeria: Reminder of 31 August 2022 deadline for filing companies income tax returns for 2022
The deadline is 31 August 2022 for filing companies income tax returns and for paying the related tax liabilities.
The deadline is 31 August 2022 for filing companies income tax returns
The deadline is 31 August 2022 for filing companies income tax returns and for paying the related tax liabilities by companies with returns originally due for filing by 30 June 2022.
The extended deadline was announced in July 2022—read TaxNewsFlash. Eligible companies have until Wednesday, 31 August 2022 to submit their companies income tax returns on “TaxPro-Max” and pay the resulting tax liabilities to avoid the imposition of late filing and payment penalties and interest.
Failure to file companies income tax returns by the due date attracts a late filing penalty of ₦25,000 for the first month of default and ₦5,000 for every subsequent month. Also, a failure to pay the companies income tax liabilities is subject to penalty of 10% of the tax due and interest at the prevailing Central Bank of Nigeria monetary policy rate plus a spread of 5%.
Read an August 2022 report [PDF 312 KB] prepared by the KPMG member firm in Nigeria
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