The Federal Inland Revenue Service (FIRS) brings relief to taxpayers and businesses by offering a complete waiver on accrued penalties and interests related to outstanding tax liabilities.
This exclusive opportunity, however, is exclusively available to taxpayers settling all dues before the year’s end, specifically on or before December 31.
Chairman Zacch Adedeji personally announced this benevolent decision, emphasizing its alignment with the challenges faced by taxpayers in meeting their obligations.
The waiver serves as a testament to the commitment of President Bola Tinubu to foster a supportive environment for businesses to thrive.
For businesses aiming to benefit from this exceptional concession, full payment of the outstanding original tax liabilities without interest must be completed by the specified deadline.
Adedeji clarified that the waiver of interest is contingent upon the comprehensive settlement of the outstanding principal on or before December 31, 2023.
Taxpayers are urged to seize this one-off concession window, recognizing that the full penalty and interest will be reinstated once the deadline passes, and if the undisputed liability remains unpaid.
The FIRS expresses gratitude to diligent taxpayers who have consistently fulfilled their obligations, soliciting ongoing support and cooperation for a more responsive and robust tax system.
