FIRS offers 1-month window for tax clearance certificate

- Nigerians have been offered a 30-day window for obtaining Tax Clearance Certificate

- The window of opportunity was made available for Nigerians by the Federal Inland Revenue Service

- The executive chairman of the service said the opportunity will enable taxpayers in meeting the obligation to meet up with the TCCs

The Federal Inland Revenue Service (FIRS) over the weekend said it was offering a 30-day window to enable taxpayers in Nigeria obtain their Tax Clearance Certificate (TCC).

The new executive chairman of the service, Muhammad Nami, in a statement said the exercise will begin from January 2 to January 31, 2020.

Nami also said that the exercise is expected to address the difficulties faced by taxpayers in meeting the obligation to meet up with the TCCs.

"Consequently, notice is hereby given that the Service has put in place machinery to issue 2020 TCC for all eligible taxpayers from 2nd January to 31st January 2020," the statement said.

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He also said the new directive will ensure the ease of issuance of TCC to taxpayers in accordance with the provisions of Section 101 (1) of CITA LFN 2004 and in conformity with Self-Assessment Regulation, 2011.

He further warned all Nigerians that the service will not hesitate to invoke the provisions of the law against anyone found to have misled the FIRS to issue a TCC.

"The Service may not hesitate to use enforcement activities including the imposition of a lien on bank accounts of such defaulting companies to recover any outstanding debts when it discovers that the taxpayer has misled the Service in her duty to observe tax compliance."

"The issuance of TCC to ease the burden of taxpayers is in line with the provisions of Section 101 (1) of CITA LFN 2004 and in conformity with Self-Assessment Regulation, 2011," it said.

Meanwhile, Legit.ng previously reported that President Muhammadu Buhari had appointed Nami to replace Tunde Fowler as the new chairman of FIRS.

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Garba Shehu, the spokesperson to the president on Monday, December 9, said Fowler's tenure as chairman of the service had expired.

Also, the newly appointed chairman is a professional tax consultant who graduated from the Ahmadu Bello University, Zaria.

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Source: Legit.ng