Important Tax Announcement for Individual and Company TCC
Individual TCC:
- Tax years covered:
- 2021, 2022, and 2023 (if done now)
- 2022, 2023, and 2024 (if done next year)
- Expiration dates:
Lagos State and some states:
March 30, 2025 (for 2021-2023)
March 30, 2026 (for 2022-2024)
Other states: December 31, 2024 if done this year while next year 31 December 31 2025Company TCC:
- Expiration date: December 31, 2024
- Applies to companies with:
- Commencement year: January
- Accounting year-end: December
Key Points:
- Note the different expiration dates for individual and company TCC.
- Lagos State and some states have different expiration dates than other states.
- Company TCC expiration is tied to commencement and accounting year-end.
Action Required:
- Review your tax obligations and expiration dates.
- Plan accordingly to avoid penalties.
Let's be careful when we get a tcc job during this period, btw Nov to Dec
Explain to your clients when the due date expires so they won't come after you when they notice