FIRS grants waivers on tax penalties, liabilities

There is succour for taxpayers and businesses as the Federal Inland Revenue Service (FIRS) has granted them a full waiver on accumulated penalties and interests for outstanding tax liabilities.

Chairman of the revenue service, Zacch Adedeji, made the decision known in a notice personally signed by him and made available to newsmen through his Special Adviser on Media, Dare Adekanmbi.

Adedeji said the forgiveness on piled-up penalties and interest was “in recognition of the challenges that many taxpayers have faced in settling their outstanding tax liabilities.”

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He said the concession also aligns with the commitment of President Bola Tinubu to support businesses to flourish.