How Much is CAC Annual Returns?

Many business owners in Nigeria often ask: How much is CAC annual returns? The Corporate Affairs Commission (CAC) requires every registered business name, company, and incorporated trustee to file annual returns. This filing is not just a legal obligation but also helps keep your business active on the CAC register. Failure to file may lead to penalties or even having your business marked as inactive. In this article, we will break down the CAC annual return fees, penalties for late filing, and everything you need to know.

What Are CAC Annual Returns?

Annual returns are yearly filings submitted by registered businesses to the Corporate Affairs Commission (CAC). They confirm that your business is still in existence and operating legally. It is not the same as tax returns filed with the Federal Inland Revenue Service (FIRS).

How Much is CAC Annual Returns for Business Names?

For business names registered with CAC, the annual return fees are as follows:

• ₦5,000 for annual returns of business names filed on time.
• ₦5,000 penalty for late filing of business name annual returns.

This means if you delay, you will end up paying more.

How Much is CAC Annual Returns for Companies?

Companies registered with CAC have different filing fees depending on their size.

• ₦5,000 for small companies filing annual returns.
• ₦10,000 for Ltd/Gte companies.
• ₦100,000 for companies having above N100m to N500m Share Capital
• ₦150,000 for companies having above N500m to N1billion Share Capital
• ₦200,000 for companies having above  N1billion Share Capital
• ₦5,000 penalty for late filing for small companies, N10,000 for other companies, and N25,000 for public companies.

Please note: In addition to annual returns, companies may also need to submit audited financial statements or statement of affairs depending on their operational status.

How Much is CAC Annual Returns for Incorporated Trustees?

For associations, NGOs, religious bodies, and clubs registered as Incorporated Trustees:

• ₦5,000 for annual returns.
• ₦10,000 penalty for late filing.

This filing requires submission of a statement of affairs or audited financials, depending on the size and activities of the association.

Penalties for Late Filing of CAC Annual Returns

Failure to file annual returns on time attracts penalties. The penalties vary by entity type:

• Business Names → ₦5,000 penalty
• Companies → ₦5,000 – ₦10,000 penalty
• Incorporated Trustees → ₦5,000 penalty

If a business continually fails to file, CAC may mark it as inactive, making it difficult to obtain CTCs (Certified True Copies), make changes, or open bank accounts.

Important Note: You will need to pay additional agency fee to accredited agent for the filing of the annual returns. Fees vary depending on the agent you engage.

Why You Should File CAC Annual Returns Early

• Keeps your business active on CAC records
• Avoids unnecessary penalties
• Helps with loan applications and bank account operations
• Maintains compliance with Nigerian company law

Conclusion

So, how much is CAC annual returns? The fees range between ₦5,000 and ₦200,000, depending on whether you are filing for a business name, company, or incorporated trustee. Filing on time saves you money and keeps your business compliant.

If you need assistance with filing your CAC annual returns, contact us today. We can help you prepare your statement of affairs or audited financial statements and ensure timely filing with CAC.