The Federal Inland Revenue Service has further extended the closing date of its waiver of penalty and interest window on tax debts owed by individuals and businesses from June 30, 2020 to August 31, 2020.
The Executive Chairman, FIRS, Muhammad Nami, disclosed this latest extension in a statement issued on Wednesday by the Director, Communications and Liaison Department, FIRS, Abdullahi Ahmad.
Nami stated that the extension was a follow up to a number of palliative measures devised by the FIRS to cushion the negative effects of the COVID-19 pandemic on the Nigerian economy.
He said the palliatives had assisted in supporting tax-paying individuals and business entities in the country.
Nani said the latest extension applied to Self-Assessment filing, Tax Audit, Tax Investigation and Desk review assessments.
The FIRS boss also said that approved instalment payment plans under the Voluntary Assets and Income Declaration Scheme that had yet to be fully liquidated would benefit from the extension.
Nami added, “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.
He explained that a list of all the FIRS offices was available on the agency’s website: www.firs.gov.ng
