The Federal Inland Revenue Service (FIRS) announced (2 June 2020) it has extended the deadline to waive interest and penalties on tax liability assessments arising from desk reviews, tax audits, and investigations.
The tax authority (FIRS) in April 2020 announced the waiver of 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 were to have settled their outstanding tax debts in full by 31 May 2020. With the June 2020 announcement, that deadline has been extended to 30 June 2020.
Read a June 2020 report [PDF 133 KB] prepared by the KPMG member firm in Nigeria
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