Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has urged Nigerians to file their annual tax returns.
He stressed that both employers and individuals must comply under the law.
He made this known during a webinar organised for HR managers, payroll officers, CFOs and tax managers in collaboration with the Joint Revenue Board.
In the webinar which was posted on YouTube on Friday, Oyedele said many Nigerians remain non-compliant in filing self-assessment returns.
In terms of filing returns, you need to file annual returns as employers for your employees. Many of you must have done that already. If you haven’t, you have just a couple of days left to file those returns, including projections of how much you will pay your staff,” he said.
He added that individual taxpayers must also file their self-assessment, noting that compliance in this area remains very low.
“This is one area where we have been non-compliant in Nigeria. In many states, more than 90%—even the most sophisticated states—cannot boast of 5% filing returns,” Oyedele said.
