The Federal Internal Revenue Service (FIRS) has assured all taxpayers with outstanding tax debt that their interests and penalties will be waived if they complied with its a condition. It disclosed this via a Public Notice.
The notice, which was signed by the Executive Chairman, FIRS, Muhammadu NamiIt stated, “Following a series of enquiries that my team and I have received on the implications of the palliative measures on tax arrears which arise as a result of desk review, tax audit and investigation, the Service wishes to reassure all taxpayers with outstanding tax debt that interests and penalties will be waived, should they pay their debt in full on or before May 31, 2020.
“The concerned taxpayers are to note that this concession is only valid if full payments are received on or before May 31, 2020. Again, the public is assured that we will continue to provide support to all taxpayers as directed by President Muhammadu Buhari in his lockdown speech.”
