The Federal Inland Revenue Service (FIRS) has extended the deadline for filing of returns in some tax categories by one week.
The Director, Communications and Liaison Department of the service, Mr. Abdullahi Ismaila Ahmad, disclosed this in a statement in Abuja on Thursday.
Mr. Ahmad explained that the gesture was to support Nigerian taxpayers due to the COVID-19 pandemic and also to felicitate with Nigerians as Muslims celebrate Sallah. He quoted the Executive Chairman of FIRS, Mr. Muhammad Nami, as saying “the management wishes to felicitate with Nigerians on this occasion of the Eid-el-Kabir celebration.”
He said, “In addition to a number of COVID-19 palliatives already in place, as well as in the spirit of this Eid celebration, we hereby grant a further one-week extension from the 31st July 2020 deadline for companies with December accounting year-end to file their Year 2020 annual Income Tax Returns.”
He continued, “Nonetheless, the service will continue to identify with the challenges of the times, which the taxpayers are going through. “For the purpose of clarity, companies that fall within this category will not be penalized for late submission, if they file their Year 2020 Income Tax Returns within the grace period, that is, August 1, to August 7 as herein granted.”
“We thank the Almighty God for sparing our lives to witness yet another Sallah festival, especially this year that has been very difficult for individuals and businesses. “In a similar vein, the one-week grace period is extended to regular monthly obligations that become due at the end of July, for example, Petroleum Profits Tax installment Payment, Withholding Tax and Value Added Tax Returns,” he added.
Mr. Nami said, “FIRS will continue to respond proactively to the realities of these times, towards easing the burden of our esteemed taxpayers.”