Missed Nigeria’s March 1 Tax Deadline? Expert Outlines Penalties and Late Filing Guide

As Nigeria’s personal income tax deadline passed on March 1, concerns grow over automatic penalties for defaulters. Taxcorp Global CEO Prince Chidi Nwafor explains that under the Nigerian Tax Administration Act 2025, late filers face an initial ₦100,000 fine and ₦50,000 for each month thereafter. In an online lecture, he breaks down who must file returns—employees, freelancers, traders, NGOs and more—and highlights exemptions for those with no economic activity. He also details additional employer obligations and monthly remittance deadlines that carry their own sanctions. Nwafor urges taxpayers to submit outstanding returns through state portals, settle accrued penalties and keep accurate records for audit. He stresses that digital tax tools and early compliance are key to avoiding audits, account restrictions and reputational damage.

Use The App To Win ₦1m

Stories are shared by community members. This article does not represent the official view of NaijaWorld — the author is solely responsible for its content.