JUST IN: ₦100,000 Fine Awaits Nigerians Who Miss March 31 Tax Deadline As Govt Expands Tax Net Nationwide
JUST IN: ₦100,000 Fine Awaits Nigerians Who Miss March 31 Tax Deadline As Govt Expands Tax Net Nationwide
Nigerians across the country are racing to meet the March 31, 2026 deadline for filing their 2025 Personal Income Tax (PIT) returns, as enforcement intensifies nationwide.
The filing requirement applies to all taxable individuals, including employees under the Pay-As-You-Earn (PAYE) system, self-employed persons, freelancers, business owners, and those in the informal sector.
Even individuals whose taxes have already been deducted at source are still required to file annual returns declaring all sources of income.
Under the law, failure to meet the deadline attracts an automatic penalty of ₦100,000 for the first month, with an additional ₦50,000 for each subsequent month of default. Additional consequences may include interest on outstanding liabilities and best-of-judgment assessments by tax authorities.
The enforcement is part of Nigeria’s ongoing tax administration measures aimed at expanding the tax base and strengthening compliance.
Tax authorities have also warned that submitting false information or forged documents during filing may attract further penalties under applicable laws.
The March 31 deadline remains in force.
