What Are the Steps to Filing Annual Returns in Nigeria?
The steps to filing annual returns include logging in to the CAC portal, selecting annual returns under post-incorporation filings, completing the correct form (CAC 19, CAC/BN 06, or statement of affairs), uploading supporting documents, paying the filing fee, and downloading the acknowledgement slip as proof of compliance.
How Much is CAC Annual Return Filing?
The cost of filing annual returns with the CAC depends on the type of entity. For business names, the filing fee is usually lower than for companies or incorporated trustees.
Companies may also pay additional penalties if they miss deadlines. Fees are reviewed periodically by the CAC, so always confirm on the official portal before payment.
When Is the CAC Annual Return Due?
For companies, annual returns must be filed every year except the first year of incorporation. For business names, the first annual return is due 18 months after registration and then yearly afterward. Incorporated trustees must file not later than 30 June each year.
What Documents Are Required to File Annual Returns?
The required documents vary depending on your entity type. Companies usually submit audited financial statements or a statement of affairs, business names complete the CAC/BN 06 form with proprietor details, and incorporated trustees file a statement of affairs along with trustee particulars.
Can I File CAC Annual Returns Online?
Yes, the CAC annual returns process is completed online through the CAC portal (post.cac.gov.ng or icrp.cac.gov.ng). Entrepreneurs can log in, fill out the relevant form, upload documents, pay online, and download the acknowledgement slip once approved.
What Happens If I Do Not File Annual Returns?
Failure to file annual returns leads to penalties that accumulate each year. The CAC can also classify your company or business name as inactive, which affects your credibility.
Inactive status may prevent you from securing loans, investors, or government contracts.
Can I File Annual Returns Myself, or Do I Need an Agent?
Entrepreneurs can complete the steps to filing annual returns themselves by using the CAC portal.
However, many business owners prefer to use accredited agents or compliance professionals to avoid errors and save time. Entrepreneurs.ng offers business registration and annual returns support to help you file correctly and on time.
Is Filing Annual Returns the Same as Filing Taxes?
No. Filing annual returns with the CAC is different from filing tax returns with the Federal Inland Revenue Service (FIRS).
Annual returns confirm your business status with the CAC, while tax returns cover your tax obligations such as Company Income Tax, VAT, and Personal Income Tax.
How Do I Confirm That My Annual Return Has Been Filed?
Once your submission is approved on the CAC portal, you can download the acknowledgement slip. This slip is proof of compliance. You can also run a CAC search on your business to confirm that your record is listed as active.
Can I File Annual Returns for Previous Years?
Yes. If you missed filing in earlier years, you can back-file by completing the required forms and paying the accumulated penalties. The process is done through the CAC portal, and approval is granted once compliance is restored.
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