FIRS Waives Late Return Penalty For Taxpayers

 The Federal Inland Revenue Service (FIRS) has waved the Late Returns Penalty (LRP) for taxpayers.

The FIRS made this known in a statement issued by Mr Abdullahi Ismaila, Director, Communications and Liaison Department of the service in Abuja on Monday.

Ismaila explained that such taxpayers should have supporting documents which could also be emailed to the dedicated email addresses or be submitted later to the tax offices by those who were not able to use the email facility.

The director said this was part of measures decided by the management in its virtual meeting held On March 31

following the Federal Government’s lockdown of FCT, Lagos, and Ogun States on 29th March.

He said another measure was extension of remittance of Value Added Tax (VAT) on or before 21st of every month.

According to him, taxpayers facing challenges in sourcing for Foreign Exchange to offset their liabilities had been given the option of paying in Naira at the prevailing Investors & Exporters (I & E) window rate on the day of payment.

“The period to file Personal Income Tax (PIT) returns for Foreign Affairs, Non Residents, Military and Police has been extended to the June 30 while Field Audit, Investigations and Monitoring visits have been suspended till further notice.

“Throughout the days and months ahead, we want to reassure you that supporting Nigeria’s diverse and dynamic businesses through this uncertain time is our topmost priority.

“The response to the current situation is evolving rapidly, with advice and guidance changing daily. And this is why FIRS has setup a number of measures to provide support to Taxpayers in managing their tax obligations as they are impacted by the coronavirus outbreak.

“Taxpayers can now take advantage of our simple, user-friendly   and robust e-Filing process  to  submit their documents online instead of visiting the tax offices. Our dedicated email addresses for each of the offices are available on our website: www.firs.gov.ng” he stated.

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