June 30 is a critical compliance deadline for Nigerian companies.
Companies with a 31 December financial year-end are required to file their annual tax returns with the Nigeria Revenue Service (NRS) on or before 30 June, being six (6) months after the end of their accounting year.
Important: Filing is mandatory whether your company is:
✅ Actively trading
✅ Dormant or inactive
✅ Making a profit
✅ Operating at a loss
The obligation to file returns remains, irrespective of the company’s financial performance or operational status.
Consequences of Late Filing
- Statutory penalties apply for late filing.
- Interest and additional charges accrue on outstanding liabilities.
- Non-compliance affect the company’s regulatory standing.
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