Nigeria: Tax amnesty; tax office where returns are filed

Nigeria: Tax amnesty; filing returns

The Federal Inland Revenue Service (FIRS) issued guidance announcing a waiver of penalties and interest on certain tax arrears for the periods between 2013 and 2015.

Related content

Taxpayers, in order to be eligible for the penalty and interest waiver, must declare the tax indebtedness within a 45-day period, from 5 October 2016 to 24 November 2016, and must present an acceptable payment plan for resolving the tax liability. The liability can either be paid in full or paid in installments, and if paid in installments, the first installment is to be no less than 25% of the principal amount due.

Place for filing returns

Under guidance issued in October 2016, taxpayers can file their tax returns at the FIRS tax office closest to their place of business or another preferred location. Taxpayers that want to change the tax office where they file their returns must notify the Tax Controller and request a transfer of their tax files to the new tax office.

 

Read an October 2016 report [PDF 65 KB] prepared by the KPMG member firm in Nigeria

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit

KPMG's new digital platform

KPMG's new digital platform