COVID-19: Kaduna Revenue Agency Extends Filing Of 2019 Tax Returns –Official - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
July 24, 2020
The Executive Chairman of the Agency, Zaid Abubakar, made this known in an interview with Newsmen in Kaduna.
Abubakar said that the extension, which would cost the state about N300 million in revenues, was part of palliative measures to cushion the effect of COVID-19 on taxpayers.
He explained that taxpayers were required by law to file their Annual Tax Returns ATR within the first 90 days of every year, adding that failure to do so was sanctionable by law.
The KDIRS boss explained that following the extension, filing of the ATR within the extended period should be deemed to be within the statutory timeline and would attract 1.0 per cent rebate on tax due.
He also said that penalties and interest that hitherto would accrue for late filing of returns had been waived for the period of the extension.
Similarly, Abubakar said that KDIRS had opened a window within the period of the extension for amicable and out of court settlement of all pending cases in courts and tribunals.