Following the recent declaration of tax amnesty by the Federal Inland Revenue Service, a number of questions arose concerning the amnesty including eligibility, scope and the process involved.
We therefore sought and have now obtained clarifications on the grey areas. These include the fact that the tax waiver programme is only applicable to taxpayers who have been audited and issued assessments that include penalties and/or interest for the specified period.
Those not yet audited or still undergoing audit are not eligible, and no refunds or credits will be granted for penalties and interest already paid for the specified period.
Read our tax alert for more: Download Tax Alert_FIRS clarifies tax amnesty_Nov 2016
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