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Is there any Penalty for not Filing Self Assessment Return?

Posted 24 February 2019 under Tax Q&A


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Samuel says:
1 February 2019 at 11:02

Is there any Penalty for not Filing Self Assessment Return?

TaxTim TaxTim says:
1 February 2019 at 12:34

There is a penalty of N5,000 for failure to file returns as well as a double the tax undercharged in the case of false returns and a N50,000 fine or 6 months imprisonment for false statements or representations.


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