79 Failure to furnish a Tax Return

Any Individual or Body Corporate Employer who fails to furnish a Tax Return as required by the Revenue Code shall be liable on Conviction to a Penalty of ₦50,000.00 (Fifty Thousand Naira) in the case of an Individual and ₦500,000.00 (Five Hundred Thousand Naira) in the case of a Body Corporate or Imprisonment for a Term of at least 6 (Six) Months or both.