Companies have another one week to file their tax.
on Thursday announced the extension of the deadline for filing of returns in a number of tax categories.
The service said it was granting a one-week extension from July 31 deadline for companies with December accounting year-end to file their Year 2020 annual Income Tax Returns”.“The Management of Federal Inland Revenue Service wishes to felicitate with Nigerians on this occasion of the Eid-el-Kabir celebration. We thank the Almighty God for sparing our lives to witness yet another Sallah festival especially in this year that has been very difficult for individuals and businesses.
The notice added: “For the purpose of clarity, companies that fall within this category will not be penalized for late submission, if they file their Year 2020 Income Tax Returns within the grace period, that is, 1st August 2020 to 7th August 2020 as herein granted.“In a similar vein, the one-week grace period is extended to regular monthly obligations that become due at the end of July 2020, for example, Petroleum Profits Tax installmental Payment, Withholding Tax and Value Added Tax Returns.
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