₦100,000 Fine Looms for Nigerians Missing March 31 Tax Deadline as Government Expands Tax NetThe Federal Government has warned that Nigerians who fail to meet the March 31 tax filing deadline could face fines of up to ₦100,000. This announcement comes amid efforts to broaden the country’s tax base and improve revenue collection across all states.
According to officials, the government is intensifying enforcement measures to ensure compliance with the Personal Income Tax (PIT) laws.The expanded tax net targets both formal and informal sector workers, aiming to bring more citizens into the tax system.“
The March 31 deadline is firm, and Nigerians who fail to file their returns risk penalties. This is part of our ongoing initiative to make the tax system more inclusive and efficient,” a spokesperson for the Federal Inland Revenue Service (FIRS) said.
Experts have advised taxpayers to file early to avoid the hefty fines and possible legal consequences. The government has also emphasized the importance of using digital platforms for filing to simplify the process and reduce errors.
With the new measures, authorities hope to increase compliance rates and boost government revenue, which is critical for funding public infrastructure and social services.