FIRS Shuts Tax Waivers Window Dec 31

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BY EDMOND ODOK, ABUJA – The Federal Inland Revenue Service (FIRS) says there is no going back on the December 31, 2020 date to shut down its tax waivers window in the country.

The current window of opportunity covers “waivers of penalties and interest on outstanding taxes arising from desk examinations, audit exercises, investigations or all other forms of tax assessment.”

Consequently, the Service is urging all taxpayers to take full advantage of the remaining days to settle their tax obligations and enjoy all subsisting waivers offered thereof.

Executive Chairman of FIRS, Mr Muhammad Nami, has already issued a reminder notice in this regard entitled, “Public Notice on the Recovery of Outstanding Taxes from Taxpayers”

The public notice reads: “The Service, in recent times, has issued a series of palliatives for the waivers of penalties and interest on outstanding taxes arising from desk examinations, audit exercises, investigations or all other forms of tax assessment.”

A statement by Director, Communications and Liaison Department, FIRS, Abdullahi Ismaila Ahmad quoted the public notice as saying; “However, the Service has observed that some taxpayers are yet to take advantage of the palliative windows opened to cushion the effect of the challenges of the economy on taxpayers.

“Furthermore, the Service wishes to put all taxpayers on notice that the last window of opportunity for the waiver of outstanding penalties and interest on all taxes collectible by the Federal Inland Revenue Service shall close on 31st December 2020.

“Consequently, all concerned taxpayers are hereby put on notice that after the expiration date of 31st December 2020, the Service shall recover all outstanding debt with penalties and interest, in accordance with the provisions of the extant tax laws such as “the power of substitution” conferred on it by Section 31 of the Federal Inland Revenue Service (Establishment) Act 2007.”

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