NGOs file C.A.C. Annual Returns without Penalties Now. We show you how NGOs render their C.A.C. annual returns without penalties.
NGOs file C.A.C. Annual Returns without Penalties Now is how to file annual returns on CAC portal online. It also informs you all about penalties for late filing of annual return in Nigeria. As a matter of fact, this means you must be sure about the deadline for filing annual returns in Nigeria.
CAC Annual Return penalties:
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CAMA 2020 allows Limited liability company to enjoy 18 months from the date of incorporation from filing annual returns. But this is not so for Business name and incorporated trustees (NGO). These 2 must file their annual return from a year of incorporation.
As a matter of fact, failure to file annual returns within CAC calendar year will attract penalty. Penalty means an additional payment to the official annual returns fees. And both must now be paid together.
NGOs file C.A.C. Annual Returns without Penalties Now
Professional Assistance for CAC Annual Returns:
Furthermore, for how NGOs file C.A.C. Annual Returns without Penalties Now, you need some professional assistance. Completefmc stands for Complete Full Marks Consultants Limited, an accounting, auditing, taxation and management consulting firm in Abuja. With long years of industry experience, we present how NGOs avoid annual return penalties. These are professional strategies to reduce cost of operation and increase organizational revenue.
How NGOs avoid CAC annual return penalties:
This is a yearly monetary payment filed by every registered business organization in Nigeria within a specific calendar year to the corporate affairs commission. In fact, it’s a statutory procedure taken by every registered organization like the incorporated trustee (NGOs). This singular action reminds the commission that the organization is still active. That is why you can see some organizations marked Inactive in the CAC portal.
As a matter of fact, NGOs also called Incorporated trustees such as foundation, Club, Church, Association, Organizations must do this annually. Therefore, annual Returns for incorporated trustees should be filed between 30th June and 31st December for the preceding financial year. The annual return is N5,000 and another N5,000 for late filing.
This is how NGOs file C.A.C. Annual Returns without Penalties Now. Otherwise, you are due for penalties and your name could be marked inactive in CAC portal.
Now, get details of late filing penalties here.
NGOs file C.A.C. Annual Returns without Penalties Now
Related Information:
- CAC 2022/23 Annual Returns Template
- CAC annual returns form
- How much is CAC annual returns
- CAC annual returns for business name
- Procedure for filing of annual returns at CAC
- how to file annual returns with CAC online
NGOs file C.A.C. Annual Returns
How you may be helped:
Finally, on NGOs file C.A.C. Annual Returns without Penalties Now, do you desire professional services on C.A.C. Incorporation and other incorporation documentations at CAC, Accounting and Auditing and Tax Management. Do you also desire a business plan and feasibility study on Mining, travels and tours, feasibility analysis of any business, real estate management? And if you need compliance certificates like Mining license, Export license, NSITF, PENCOM, ITF etc. then contact cfmclimited@gmail.com or +234 8034347851.
Founder/Managing Partner of Complete Full Marks Consultants Ltd. An Economist turned Chattered Accountant and Tax Practitioner with over 37 years of industrial experience.
