The Federal Inland Income Service, FIRS, has issued a contemporary discover to all permitted enterprises working in free commerce zones, export processing zones, and Oil and Fuel free zones to file revenue tax returns.
Under is the discover…
FEDERAL INLAND REVENUE SERVICE
15, SOKODE CRESCENT, WUSE ZONE 5, P.M.B 33, GARKI, ABUJA, NIGERIA.
NOTICE TO ALL APPROVED ENTERPRISES OPERATING IN FREE TRADE ZONES, EXPORT PROCESSING ZONES AND OIL & GAS FREE ZONES TO FILE INCOME TAX RETURNS
The Finance Act 2020, which got here into impact 1st January 2021, amended Part 18(1) of the Nigeria Export Processing Zones Authority (NEPZA) and Oil and Fuel Free Zone Authority (OGFZA) Acts respectively. Consequently, discover is hereby given to all enterprises registered and working within the Nigeria Export Processing and Oil & Fuel Free Zones (the zones), tax practitioners and most people that:
The NEPZA Act and OGFZA Act (as amended) mandate all enterprises registered and working within the zones to file revenue tax returns in accordance with the provisions of the Corporations Revenue Tax Act (CITA).
As such, all enterprises registered and working within the zones are required:
a.to file revenue tax returns for 2021 and subsequent years of evaluation; and
b.to compute revenue tax and pay the tax due (if any).
The returns must be within the method and time specified by CITA.
For ease of compliance, all permitted enterprises are required to file their revenue tax returns on the following FIRS’ tax places of work:
a. Enterprises working within the Zones situated in South-South geo-political area of Nigeria- MTO Port Harcourt;
b. Enterprises working within the Zones situated in South-East geo-political area of Nigeria- MTO Enugu;
c. Enterprises working within the Zones situated in South-West geo-political area of Nigeria- MTO Ibadan;
d. Enterprises working within the Zones situated in North-East and North-West geo-political area of Nigeria- MTO Kano;
e. Enterprises working within the Zones situated in Lagos State- MTO Lagos Island; and
f. Enterprises working within the Zones situated in North-Central geo-political area of Nigeria and FCT- MTO Abuja.
Related penalties prescribed by CITA or Federal Inland Income Service (Institution) Act 2007 shall apply to any firm that fails to adjust to the submitting necessities as regards due dates.
Federal Inland Income Service