Tag tax waiver

EndSARS: FIRS Nigeria grants tax palliative

While Nigeria was trying to recover from the economic disruption from the COVID-19 pandemic, another nationwide lockdown emerged in October 2020. The lockdown was an outcome of the EndSARS protest. EndSARS is a movement to stop police brutality in Nigeria…

Nigeria Tax Highlights – July 2020

Welcome to the monthly series on Nigeria Tax Highlights. In this summary, we have put together the top 5 events that will bring us up to speed with the Nigerian taxation for July 2020. Here are the five (5) blog…

FIRS extends filing of 2020 tax returns, others by one week

The Federal Inland Revenue Service (FIRS) has added another waiver to taxpayers in Nigeria. Companies with accounting year-end of December 2019 have an additional time of one-week from July 31st to file their 2020 income tax returns. The new deadline…

Nigeria Tax Highlights – June 2020

At this time of the year, we must still hope for the best before the year ends. Good things do happen in the second half of a year. In this summary, we have put together the top 3 events that…

FIRS waiver on penalty, interest extended by 2 months

Federal Inland Revenue Service (FIRS) has allowed additional time for tax defaulters to enjoy penalty and interest waiver by two (2) months. The tax waiver covers outstanding tax payments on self-assessment filing, tax audit, investigation, and desk review assessments. It…

FIRS extends penalty, interest waiver by 1 month

Federal Inland Revenue Service (FIRS) extends the time for tax defaulters to enjoy penalty and interest waiver by one month. To enjoy the waiver of penalties and interests, a taxpayer must liquidate the outstanding tax liabilities on or before 30…