Home BUSINESS BANKING & FINANCE FIRS Offers More Palliative To Tax Payers By Extending Tax Debt Payment

FIRS Offers More Palliative To Tax Payers By Extending Tax Debt Payment

The Federal Inland Revenue Service (FIRS) has announced the extension of the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30, 2020 to August 31st, 2020.
The extension, according to the Executive Chairman, Muhammad Nami, in a statement today, July 8, issued by the Director,
Communications and Liaison Department, Abdullahi Ismaila Ahmad, is a follow up to a number of palliative measures devised by the FIRS to cushion the effects of the COVID-19 pandemic on the Nigerian economy.
He said that it is also aimed at supporting tax-paying individuals and business entities in the country.
Nami said that the latest extension applies to Tax Audit, Tax Investigation and Desk review assessments, Approved instalment payment plans under Voluntary Assets and Income Declaration Scheme (VAIDS) yet to be fully liquidated.
“Taxpayers are advised to note that there will be no further extension of this palliative measure. Tax debtors are therefore enjoined to liquidate their outstanding tax liabilities on or before 31st August, 2020 in order to enjoy waiver of accumulated penalties and interests.”
He also advised all concerned individuals and businesses to contact their respective “Tax Controller or the nearest FIRS Regional Debt Management Office in case of further enquiries.
“A list of all our offices is available on our website:

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