FIRS extends filing deadline by seven days

The Federal Inland Revenue Service (FIRS) has further extended deadline for companies to file their tax returns by one week.

A statement from the service, on Thursday, explained that the extension was both in the spirit of the festive season and appreciation of the difficulties businesses were facing due to coronavirus pandemic.

“In furtherance of this, and, 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.”

The notice added: “For the purpose of clarity, companies that fall within this category will not be penalised for late submission, if they file their Year 2020 Income Tax Returns within the grace period, that is, 1st August 2020 to 7th August 2020 as herein granted.

“In a similar vein, the one-week grace period is extended to regular monthly obligations that become due at the end of July 2020, for example, Petroleum Profits Tax Instalmental Payment, Withholding Tax and Value Added Tax Returns.

“FIRS will continue to respond proactively to the realities of these times, towards easing the burden of our esteemed taxpayers.”

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

THE Presidency has ordered some zonal heads and sectional heads in the Economic and Financial Crimes Commission (EFCC) who are police officers to return to the police headquarters… Read Full Story
After spending over four weeks at the isolation centre following his testing positive for coronavirus on June 24, the Oyo State Commissioner for Youths and Sports, Mr Seun Fakorede, on Wednesday announced that he had tested negative for the disease… Read Full Story
THE Southern Kaduna caucus in the House of Representatives on Wednesday called for the Federal Government’s intervention in identifying and halting the financiers and members of the militia groups involved in the indiscriminate killings and kidnapping of innocent Nigerians, including children and women… Read Full Story

 

FIRS extends filing deadline
You might also like
Comments

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More