How to Save N500,000 in Tax Fine Before 31st January #shorts #shortsfeed #payetax #taxreforms

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Shared January 27, 2026

Are you an employer with staff on your payroll? This message is critical. Under Section 81 of the Personal Income Tax Act (PITA), every employer in Nigeria is required to file annual PAYE returns for employees on or before 31st January each year. Failure to file attracts a statutory fine of ₦500,000 for companies β€” a penalty that is completely avoidable with timely compliance. This short video is a professional insight for: β€’ Business owners Employers of labour HR managers Finance managers CEOs and founders Leadership is not only about growth β€” it is also about compliance, responsibility, and foresight. πŸ“Œ If you have employees, file your PAYE returns before 31st January. πŸ“Œ Don’t lose money to penalties you can legally avoid. Subscribe for more professional insights, leadership lessons, and financial awareness designed to help you lead smarter and protect your business. #PAYEReturns #TaxComplianceNigeria #BusinessOwnersNigeria #LeadershipAndFinance #TaxReforms #HRNigeria #PayrollCompliance #PersonalIncomeTaxAct #AvoidTaxPenalties #ProfessionalInsights #FinancialLeadership #NigerianBusinesses KEYWORDS PAYE returns Nigeria PAYE filing deadline 31st January PAYE Personal Income Tax Act Nigeria Section 81 PITA PAYE penalty Nigeria ₦500,000 tax fine PAYE annual returns Employer tax obligations Nigeria Tax compliance Nigeria Business tax Nigeria HR payroll compliance Tax reforms Nigeria Avoid tax penalties Nigeria Chartered Accountant Nigeria Professional tax advice Niger