Following a series of palliative measures from the Federal Inland Revenue Service (FIRS) to taxpayers, to cushion the effect of COVID-19 pandemic, the Service has issued a public notice notifying taxpayers of an extension of deadline on penalty and interest waiver. The initial waiver which was issued in April 30, 2020 expired on May 31,... Continue Reading →
FIRS resumes Monitoring, Tax Audit and Investigation
The Federal Inland Revenue Service (FIRS) has issued a public notice, notifying taxpayers that it will resume Audit, Investigations and Monitoring exercises earlier suspended on April 6, 2020 as one of the measures to cushion the effect of COVID-19 pandemic. This the Service said is necessitated by current economic realities which require concerted efforts towards... Continue Reading →