February 28, 2024
FIRS Cancels Penalties, Interests On Pending Tax Liabilities
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FIRS Cancels Penalties, Interests On Pending Tax Liabilities

The Federal Inland Revenue Service (FIRS), has approved amnesty on penalties and interests for outstanding tax liabilities.

In a statement yesterday in Abuja, the Chairman of FIRS, Mr. Zacchaeus Adedeji, said that the step was in recognition of the challenges that many taxpayers had faced in settling their tax obligations.

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According to him, the move is a demonstration of President Bola Tinubu’s commitment to support businesses, but companies wishing to benefit from the concession must make full payment of outstanding original tax liabilities without interest on or before December 31st.

The News Agency of Nigeria (NAN) reports that the FIRS imposes sanctions and interests for failure by companies to fulfil their tax obligations. 

    • 3 months ago

    […] READ ALSO: FIRS Cancels Penalties, Interests On Pending Tax Liabilities […]

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