FIRS Wants Nigerian Firms To Pay Up!
Two nations: One is begging companies to come and collect cheap money (USA); another is asking booming companies to increase tax payments and file tax returns ahead of time to make funds available to the government (Nigeria). Yes, there are many booming sectors in #Nigeria, right now. Do you have a bridge to sell in your village? The Federal Inland Revenue service (FIRS) statement on click.
The Federal Inland Revenue service (FIRS) issued a statement demanding that booming businesses in Nigeria increase their tax payment as other businesses have been shut down following the surge in coronavirus pandemic cases.
In circular entitled: Update On Palliative Measures to Cushion Effect of COVID-19 on Taxpayers, dated 22 April 2020, and was signed by the FIRS Executive Chairman, Muhammad Nami, the tax body asked corporate organizations to commence their annual tax return earlier than supposed, to enable the federal government to generate the much needed revenue.
