29/08/2026
ANNUAL RETURNS ARE NOT THE SAME AS TAX.
CAC annual returns simply show that your company is still in existence and remains on the CAC register. Annual returns are filed with the Corporate Affairs Commission (CAC), usually once every year.
Whether your business is currently operating, making profit, or not, you may still be required to keep up with your annual return obligations.
Tax, on the other hand, is a separate obligation handled by the relevant tax authorities. So, compliance with the CAC is not the same thing as tax compliance.
If you fail to file your annual returns, your company may become inactive and you could face additional fees or other compliance issues.
The bottom line is simple: CAC annual returns and tax are two different things, and business owners need to understand both.