Personal Income Tax(PIT): 6 Important Things To Know

The Annual Individual Personal Income Tax (PIT) Returns filing season is upon us and the due date which falls on March 31, 2023 is fast approaching. This in line with Section 41 of the Personal Income Tax Act, 2011, Cap P8 LFN 2004 as amended, which states that a taxable person shall, without notice or demand, file a return of the income in the prescribed form and containing the prescribed information with the tax authority of the State in which they reside, within ninety (90) days from the commencement of every year.

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