The FIRS has issued a Public Notice waiving penalty and interest for taxpayers who settle their outstanding tax liabilities by 31 December 2023. Based on the Public Notice, the waiver was issued in recognition of the challenges being faced by taxpayers, and in line with government's commitment to support businesses.
The Public Notice does not limit the scope of the waiver, and therefore we expect that it should apply to all outstanding tax liabilities due to the FIRS, including from tax audits, investigations, desk reviews, VAT and WHT monitoring exercises, late filing or payment of taxes due to the FIRS, and so on.
Please see Public Notice here:
Download FIRS Public Notice - waiver of penalty and interest