Deadline for filing income tax and transfer pricing returns – avoid the last minute rush and material penalties

Deadline for filing of annual employers tax returns (Form H1)

The Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended) provides that every employer is statutorily required to submit its employers’ tax returns (Form H1) with the relevant tax authority.

LIRS launches e-filing portal for submission of employers’ tax returns (Form H1)

Statutorily, under the Personal Income Tax Act (PITA) Cap P8 LFN 2004 (as amended), every employer is under obligation to file employers’ tax returns (Form H1) with the relevant tax authority of all emoluments paid to its employees in the preceding year. The timeline is not later than 31 January of every year.