Nigeria: Tax collection agents reminded to remit taxes collected by deadline

A notification to persons appointed as tax collection agents reminding them of the deadline for remitting taxes.

A reminder to tax collection agents of the deadline for remitting taxes

The Federal Inland Revenue Service (FIRS) issued a notification to persons appointed as tax collection agents reminding them of the deadline for remitting taxes.

Tax collection agents that collected, deducted or withheld companies income tax or value added tax (VAT) have an obligation to remit the taxes to the FIRS.

The FIRS has requested these tax collection agents to remit the taxes collected or withheld within 30 days from the date of the notification or by 3 June 2021.

Further, the FIRS also noted its intention to exercise the “power of substitution” to recover any outstanding taxes, including applicable penalties and interest, from defaulting tax collection agents after the deadline.

Read a May 2021 report [PDF 417 KB] prepared by the KPMG member firm in Nigeria

 

 

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