Tax Debt Payments Extended To August 31 - FIRS
Tax Debt Payments Extended To August 31 - FIRS

The Federal Inland Revenue Service (FIRS) has further extended the closing date of waiver of penalty and interest window on tax debts from June 30, 2020 to August 31, 2020.

The agency urged individuals and businesses to use the opportunity to make their payments.

FIRS Chairman, Muhammad Nami, made the announcement on Wednesday.

In a statement by the Director of Communications, Abdullahi Ahmad, Nami stated that the extension was part of palliative measures to cushion the effects of COVID-19 on the Nigerian economy.

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The extension applies to Tax Audit, Tax Investigation and Desk review assessments, Approved installment payment plans under Voluntary Assets and Income Declaration Scheme (VAIDS) yet to be fully liquidated.

Nami told taxpayers that there will be no further extension.

“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 urged.

He advised all concerned to contact their respective Tax Controller or the nearest FIRS Regional Debt Management Office for further enquiries.

“A list of all our offices is available on our website,” the statement added.