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, this year.
FIRS Executive Chairman, Mr. Muhammad Nami, disclosed the extension in a statement issued by the agency’s Director of Communications and Liaison Department, Abdullahi Ahmad, in Abuja.
Mr. Nami said the extension was 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 businesses.
He said the extension applied to tax audit, tax investigation and desk review assessments.
Others include approved installment payment plans under Voluntary Assets and Income Declaration Scheme yet to be fully liquidated.
He enjoined tax debtors to liquidate their outstanding tax liabilities on or before August 31, this year in order to enjoy waiver of accumulated penalties and interests.
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