Nigeria: Waiver of interest and penalty on outstanding tax liabilities (COVID-19)
Nigeria: Outstanding tax liabilities (COVID-19)
The tax authority (FIRS) today issued a notice announcing its decision to waive interest and penalties on outstanding tax liabilities and debts arising from desk reviews, tax audits and investigations as a relief measure in response to the coronavirus (COVID-19) pandemic.
To be eligible for the interest and penalty relief, taxpayers must settle their outstanding tax debts in full by 31 May 2020.
The relief does not cover any underlying, disputed tax liabilities determined by audit.
Read an April 2020 report [PDF 116 KB] prepared by the KPMG member firm in Nigeria
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