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The Federal Inland Revenue Service, FIRS, has extended the date of penalizing late filing of Company Income Tax by one month.
This was disclosed in a statement issued by the agency and made available to newsmen.
The statement stressed that the affected companies have until 31 December 2021 to submit all outstanding returns and pay the resulting tax liabilities, including previous years’ assessments.
It added that additional extension of the waiver of penalties is a welcome development and demonstrates FIRS’ commitment to providing reprieve to taxpayers.
