By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: FIRS Extends Deadline for Submission of Company Income Tax Returns till August 31
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
Business

FIRS Extends Deadline for Submission of Company Income Tax Returns till August 31

Muhammad A. Aliyu
By Muhammad A. Aliyu
Published: July 10, 2023
Share
2 Min Read
SHARE

The Federal Inland Revenue Service (FIRS) has decided to extend the submission deadline for company income tax returns for the 2023 year of assessment (YOA).

The new deadline is now set for August 31, 2023, giving businesses more time to fulfill their tax obligations.

Previously, companies were expected to file their returns by June 30.

However, due to the numerous requests for an extension, Muhammad Nami, the executive chairman of FIRS, announced the new deadline in a notice released on Monday.

- Advertisement -

To ensure clarity, Nami outlined the following guidelines:

a. All companies with CIT returns for the 2023 YOA falling due between June 30 and August 31, 2023 (inclusive) are granted until August 31, 2023, to submit their returns to the Service.

b. This extension is a one-time offer exclusively for the 2023 YOA CIT returns due during the specified period.

c. If the relevant CIT returns are submitted to the Service on or before August 31, 2023, no Late Filing Penalty or interest for late payment will be imposed.

- Advertisement -

d. In the event that the required CIT returns are not filed by the extended date, penalty and interest for late payment will be calculated from the original due date, rather than the extended deadline.

It is important to note that the filing deadline extension solely applies to CIT returns and does not encompass returns for withholding tax, value added tax, personal income tax (PAYE), or any other taxes.

Muhammad Nami encouraged taxpayers to seize this opportunity and ensure they submit their CIT returns within the specified timeframe.

By meeting their tax obligations promptly, businesses can avoid incurring penalties and interest.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:FIRS
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByMuhammad A. Aliyu
Follow:
Muhammad Ameer Aliyu, is a prolific journalist who joined Okay Nigeria in 2015 with the aim staying committed to bringing more positive growth to the digital news platform. He is the Senior Editor at Okay Nigeria.
Previous Article Ailing Ondo Governor Extends Medical Leave Indefinitely
Next Article Yvonne-Faith Elaigwu, Head of Operations and Governance, OnePipe Why You Should Make Pay with Transfer Your Top Payment Choice

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 4 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Tinubu Urged by PDP to Cut Fuel and Electricity Costs Amid Eid-el-Kabir Festivities
News
Mike Ejeagha
Mike Ejeagha, Nigerian Highlife Maestro, Dies at 95
News
Tinubu Welcomes Gov Eno to APC as Political Realignments Intensify Across States
Politics Top stories
Super Eagles Rally to Draw Against Russia in International Friendly
Sport
Manchester United Raises Annual Core Profit Forecast to Between £180m and £190m After Europa League Boost
Sport
- Advertisement -
Ad imageAd image

You May Also Like

Ange Postecoglou
Sport

Tottenham Hotspur Part Ways with Ange Postecoglou Despite Europa League Glory

Yusuf Abubakar
Yusuf Abubakar
June 6, 2025
News

Dangote Names Main Refinery Access Road “Bola Ahmed Tinubu Road” in Honor of President

Muhammad A. Aliyu
Muhammad A. Aliyu
June 6, 2025
L-R: Ify Okoye, Digital Creator; Linda Ejiofor-Suleiman, Actress; Stella Erebor, Head Internal Audit, Nigerian Communications Commission; Emanuella Samuel, Comedienne/Actress, Sylvia Musalagani, Safety Policy Manager, Africa, Middle East & Turkey (AMET), Meta, and Nicole Chikwe, founder of The Mummy Summit, during the launch of Instagram teen accounts in Lagos on Wednesday, June 4, 2025
Tech

Meta Launches Teen Accounts on Instagram in Nigeria to Enhance Online Safety for Young Users

Farouk Mohammed
Farouk Mohammed
June 6, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?