On 10 July 2023, the Executive Chairman of the FIRS, Muhammad Nami, issued a Public Notice extending the deadline for filing companies’ income tax returns and paying the related tax liabilities. The new deadline is set for 31 August 2023, applicable to companies with returns falling due between 30 June and 31 August 2023.
The extended deadline offers a two-month extension for companies with a year-end of 31 December and a one-month extension for those with a year-end of 31 January. As a result, eligible companies have until 31 August 2023 to file their income tax returns and settle their tax liabilities to avoid penalties and interest for late filing and late payment. It is noted that this extension is applicable only to companies’ income tax returns and does not cover other taxes.
