The Federal Inland Revenue Service (FIRS) has appealed to businesses experiencing a boom due to the lockdown to consider paying their annual returns earlier than the due date.
According to a statement by FIRS executive chairman, Muhammad Nami, this would support government efforts during the COVID-19 pandemic which has affected oil revenue as the global shutdown is putting pressure governments, and in turn, revenue-generating agencies to bridge budget funding gaps.
“I wish to appeal to a section of taxpayers. whose sectors are experiencing a boom and a significant increase in income at this point in time. for a high level of cooperation in payment of their taxes.
“Nonetheless, we wish to acknowledge that some sectors such as telcos, financial institutions, e-Commerce, supermarkets, manufacturers/ processors of certain products, etc are experiencing a boom due to increased transactions as a result of the lockdown or even despite the pandemic.”
“In view of the above, I wish to specially make an appeal to corporate bodies in the sectors mentioned above to go the extra mile at this time to cooperate with us in making special arrangements to pay their taxes.
“They may consider, for instance, a situation where they can commence payment of their annual returns earlier than the due date apart from their normal monthly obligations.”