₦100,000 Fine Awaits Nigerians Who Miss March 31 Tax Deadline

Nigerians who fail to meet the March 31 deadline for filing their Personal Income Tax returns risk facing a minimum penalty of ₦100,000, as authorities intensify efforts to expand the nation’s tax net.

According to reports, the deadline applies to all taxable individuals, including employees, self-employed persons, and business owners, who are required to declare their annual income to relevant tax authorities.

Under the provisions of the Nigeria Tax Administration framework, failure to comply attracts a ₦100,000 fine for the first month of default, with additional penalties of about ₦50,000 for each subsequent month of non-compliance.

The move is part of broader government reforms aimed at widening the tax base, improving revenue generation, and strengthening compliance nationwide.

Experts say many Nigerians are still unclear about their obligations, especially those who assume Pay-As-You-Earn (PAYE) deductions alone are sufficient.

Authorities have also warned that beyond financial penalties, defaulters may face audits, investigations, and additional charges, as digital tax systems are being deployed to track compliance more effectively.

With the deadline fast approaching, taxpayers are advised to file their returns promptly through official state revenue platforms to avoid sanctions.