Statutory Compliance is one area of a business risk that can lead to losses and unnecessary penalties to a business. Tax planning is a tool that is used to mitigate these risks. The following is a compliance calendar a business can use:
The following Taxes/ Contributions Are Due on or before the 10th of the subsequent month.
- Pay as you Earn PAYE
- Skills Development Levy
- NHIS (NHIMA)
- NAPSA Contributions
The following Taxes Are Due on or before the 14th of the subsequent month.
- Turnover Tax,
- Withholding Tax,
- Mineral Royalty Tax,
- Gaming &Betting
- Rental Income Tax
- Tourism Levy
- Presumptive Tax
The following Taxes Are Due on or before the 18th of the subsequent month.
- Value Added Tax (VAT)
Provisional Income tax
Annual Income tax
Annual Income Tax returns accompanied by financial statements are to be submitted by 21st June following the year under review.
Workers Compensation Annual Returns
The financial year has now changed to December 31st , therefore this may change to 15th January of every year starting in 2021.
Pacra Annual Return
