As part of measures to cushion the impact of Covid-19 pandemic on Nigerians, the Federal Inland Revenue Service (FIRS) on Wednesday extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses to August 31, 2020.
The initial closing date was June 30, 2020.
A statement by FIRS Director, Communications and Liaison Department, Mr Abdullahi Ahmad, in Abuja, disclosed that at the of the latest deadline there would be no further extension.
He quoted the Executive Chairman of FIRS, Mr Muhammad Nami, as saying 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 tax audit, tax investigation and desk review assessments, approved installment payment plans under Voluntary Assets and Income Declaration Scheme yet to be fully liquidated” he said.
Nami urged tax debtors to pay up their outstanding tax liabilities on or before August 31 in order to enjoy waiver of accumulated penalties and interests.
