The Federal Inland Revenue Service, FIRS, has extended the closing date for its waiver of penalty and interest window on tax debts owed by individuals and businesses from June 30 to August 31, 2020.
Executive Chairman, FIRS, Muhammad Nami, disclosed this latest extension in a statement issued by Director, Communications, and Liaison Department, Abdullahi Ismaila.
Nami stated that the extension 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 in order to support tax-paying individuals and business entities in the country.
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According to Nami, 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.”
(Editor: Paul Akhagbemhe)
