Federal Government releases 2016 Fiscal Policy Measures

FIRS grants 45 days amnesty to tax defaulters

The Federal Inland Revenue Service (FIRS) has issued a notice to inform the public of a special window opened for taxpayers to avoid payment of penalty and interest charges on tax due between 2013 and 2015. The major objective of the waiver is to promote voluntary compliance and consequently generate revenue for government which otherwise, could have been lost.