The Federal Inland Revenue Service (FIRS) today, 30 July 2020, issued a press release to notify taxpayers of a further extension of tax filing deadline by one week, to 7 August 2020, for taxpayers whose CIT filing deadline is supposed to be 31 July 2020 (as earlier extended), that is, companies with 31 December accounting year end.
In the same vein, one-week extension (grace period) has also been granted, for regular monthly obligations that are due at the end of July 2020, e.g. Petroleum Profits Taxinstalment Payment, Withholding Tax (as earlier extended) and Value Added TaxReturns (as earlier extended).
According to the FIRS, this is in the spirit of the festivities and further to earlier palliative measures rolled out by the Service in support of the Nigerian taxpayers against the backdrop of the COVID-19 pandemic.