FIRS Extends Tax Debt Payments To August 31

Business Law

The Federal Inland Revenue Service (FIRS) has extended the closing date of tax debt payments in the country.

FIRS Director of Communications, Abdullahi Ahmad issued the statement,confirming that the agency moved its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30 to August 31st, 2020.

He noted that the agency’s boss, Muhammad Nami, approved the extension as 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.”

FIRS Chairman explained that the extension applies to tax auditing, investigation and desk review assessments, approved instalment payment plans under Voluntary Assets and Income Declaration Scheme (VAIDS) yet to be fully liquidated.

Nami also tasked concerned individuals and businesses to contact their respective Tax Controller or the nearest FIRS Regional Debt Management Office for further enquiries.

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Grace Esohe

A Musical Artist, Saxophonist, Blogger, Web Developer, and Mum with a desire to share knowledge, information and experience while making a difference in the World.

https://www.newsnowafrica.com

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