The FIRS explained that the extension was a follow-up to a number of palliative measures devised by the FIRS to cushion the effects of the COVID-19 pandemic on the Nigerian economy in order to support tax-paying individuals and businesses.
He said the extension applied to a tax audit, tax investigation and desk review assessments.
Others include approved instalment payment plans under Voluntary Assets and Income Declaration Scheme yet to be fully liquidated.
“Taxpayers are advised to note that there will be no further extension of this palliative measure.
“Tax debtors are therefore enjoined to liquidate their outstanding tax liabilities on or before August 31, 2020, in order to enjoy a waiver of accumulated penalties and interests,” he said.
Nami urged all concerned individuals and businesses to contact their respective tax controller or the nearest FIRS regional Debt Management Office in case of further enquiries.
