Deadline for Tax Payments Now August 31 – FIRS

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SWITZERLAND, JULY 09 – The Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30 to August 31, 2020.

FIRS Director, Communications and Liaison Department, Mr. Abdullahi Ahmad made this known in a statement in Abuja on Wednesday.

Quoting the Executive Chairman of FIRS, Mr. Muhammad Nami, Ahmad noted that “the extension is a follow up to a number of palliative measures devised by the service to cushion the effects of the COVID-19 pandemic on the Nigerian economy and to support tax-paying individuals and business entities in the country.

“The latest extension applies to a tax audit, tax investigation and desk review assessments, approved instalment payment plans under Voluntary Assets and Income Declaration Scheme yet to be fully liquidated,” he said.

Nami disclosed that there will be no further extension of this palliative measure. He mentioned that tax debtors were, therefore, enjoined to liquidate their outstanding tax liabilities on or before August 31 in order to enjoy a waiver of accumulated penalties and interests.

All concerned individuals and businesses were advised to contact their respective tax Controller or the nearest FIRS Regional Debt Management Office in case of further enquiries.

He reiterated that a list of all the agency’s offices was available on the FIRS website: admonishing those affected by the new extension to comply to avoid accumulated penalties.

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