As the effects of the COVID-19 pandemic continue to ravage with social, health, security, and economic dimensions, the FCT Tax Practitioners have called on the management of the Federal Inland Revenue Service (FIRS) to help taxpayers cushion the effects of the pandemic through certain measures.
The association urged the FIRS to extend the filing deadline to 31st August 2020 and grant waiver on VAT penalties for the whole of 2020.
Speaking in Abuja, the President of the association, Mr. Kennedy Iwundu, based their request on the fact that “the FIRS has not fully implemented e-filing of returns, which would eliminate the need for taxpayers to physically visit the offices of FIRS for their filings. Taxpayers are apprehensive to visit FIRS offices to file returns because of the fear of Covid 19”
Iwundu, however, commended FIRS for extending filing deadline to August 7th, 2020, and waivers on VAT penalties for March and April 2020, but urged the government to do more, considering the prevailing realities in the country and the rest of the world at the moment.
The association also assured the government that it fully supports the revenue drive of the present administration to provide services to the Nigerian people, while urging the government to aid the taxpayers to meet up with their obligations going forward.