The FIRS has indicated that all concessions for waivers of penalty and interest on outstanding tax liabilities will come to an end by 31 December 2020. This implies that any unresolved or unpaid tax liabilities arising from tax audits and other reviews by the FIRS will attract applicable penalties and interest from January 2020.
See notice attached below:
Download FIRS tax waiver notice 2020
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
