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FIRS Extends Waiver On Penalty For Late CIT Returns

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The Federal Inland Revenue Service (FIRS) has extended the date of penalising late filing of Company Income Tax (CIT) by another one month. FIRS had said

The Federal Inland Revenue Service has extended the date of penalising late filing of Company Income Tax by another one month.

FIRS said the affected companies have until 31 December 2021 “to submit all outstanding returns and pay the resulting tax liabilities, including previous years’ assessments.” The revenue agency said additional extension of the waiver of penalties and interest on outstanding 2021 YOA returns is a welcome development and further demonstrates FIRS’ commitment to providing reprieve to taxpayers following migration to Tax Pro-Max for tax filing and compliance,” the revenue agency added.

 

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