ARTICLE · 23 JUNE 2020

FIRS Issues Public Notices On COVID-19 Palliatives

Andersen in Nigeria

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On 2nd June, 2020, the Federal Inland Revenue Service ("FIRS" or "the Service") issued three Public Notices directing taxpayers on certain issues with respect to their tax compliance as well as the extension of the timeline of certain ...

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Andersen in Nigeria

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On 2nd June, 2020, the Federal Inland Revenue Service ("FIRS" or "the Service") issued three Public Notices directing taxpayers on certain issues with respect to their tax compliance as well as the extension of the timeline of certain COVID-19 Palliatives. We have provided the summary of the Public Notices below.

Extension of Deadline on Penalty and Interest Waiver

The FIRS via a Public Notice notified taxpayers that it will waive all interests and penalties in respect of outstanding tax debts, provided that affected taxpayers pay their outstanding tax debts in full, on or before 30th June, 2020. The FIRS had initially announced that taxpayers had to pay their outstanding tax liabilities before 31st May, 2020 to enjoy the waiver of penalty and interest. However, this timeline has now been extended by one month (i.e. till 30th June, 2020).

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