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Questions and Answers
What documents are required to be filed for the Annual Returns?
What documents are required to be filed for the Annual Returns?
- Employee Handbook, Performance Appraisals, Organizational Chart, Job Descriptions, Training Records, Payroll Records, Employment Contracts
- Purchase Orders, Invoices, Delivery Receipts, Inventory Reports, Sales Reports, Supplier Contracts, Import/Export Documents
- PAYE Annual Returns, Remittance Summary, Withholding Tax Annual Returns, Nominal Roll of the Organization, Scanned copies of automated revenue receipts, Expatriate quota and Immigration Returns, Other supporting documents (correct)
- VAT Annual Returns, Income Statement, Balance Sheet, Cash Flow Statement, Bank Statements, Audited Financial Statements, Tax Identification Number
What is the penalty for failure to file Tax Return by the deadline for Corporate Bodies?
What is the penalty for failure to file Tax Return by the deadline for Corporate Bodies?
- N1,000,000.00
- N100,000.00
- N500,000.00 (correct)
- N50,000.00
What is the deadline for filing the 2022 Annual Tax Returns for employers of labor in Kwara State?
What is the deadline for filing the 2022 Annual Tax Returns for employers of labor in Kwara State?
- 30th April 2023
- 31st January 2023 (correct)
- 15th February 2023
- 1st March 2023
Which of the following is not a document required for Annual Returns?
Which of the following is not a document required for Annual Returns?
What type of organization is subject to a penalty of N50,000:00 for failure to file Tax Return by the deadline?
What type of organization is subject to a penalty of N50,000:00 for failure to file Tax Return by the deadline?
What is the penalty for failure to file Tax Return by the deadline for individuals?
What is the penalty for failure to file Tax Return by the deadline for individuals?
Which of the following documents is not required for Annual Returns?
Which of the following documents is not required for Annual Returns?
What section of the Personal Income Tax Act (PITA) 2011 as amended pertains to the deadline for filing 2022 Annual Tax Returns?
What section of the Personal Income Tax Act (PITA) 2011 as amended pertains to the deadline for filing 2022 Annual Tax Returns?
What type of organization is subject to a penalty of N500,000.00 for failure to file Tax Return by the deadline?
What type of organization is subject to a penalty of N500,000.00 for failure to file Tax Return by the deadline?
Which of the following is a required document for Annual Returns related to expatriate employees?
Which of the following is a required document for Annual Returns related to expatriate employees?
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