• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise Here
  • Login
National Insight News
Advertisement
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Health
  • Tourism
No Result
View All Result
  • News
  • Politics
  • Business
  • Entertainment
  • Sports
  • Health
  • Tourism
No Result
View All Result
National Insight
No Result
View All Result
Home Featured

FIRS Offers 1 Month Window To Ease Issuance Of Tax Clearance

by NationalInsight
December 30, 2019
in Featured
Reading Time: 2min read
0
28
SHARES
349
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp
ADVERTISEMENT

Federal Inland Revenue Service (FIRS) has offered a 30-day window to enable taxpayers obtain Tax Clearance Certificate (TCC) with ease.

This followed complaints the agency received from Nigerians on the difficulties they faced in obtaining the TCC.

Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami said he signed the public notice to make things easy for taxpayers.

The move would enable taxpayers to meet their obligations whenever they need the TCC. Taxpayers need TCC to seek and obtain contracts and loans, renew permits, registration, franchises, agreements and/or licences that will invariably generate revenue from which taxes will be paid.

You might also like

Ibadan Catholic Archdiocese Denies Allegation Against Priest

2027: Nigerians, Not Ex- first Lady Will Decide 2027 Election- Group Replies Patience Jonathan

Journalist Slumps, Dies While Preparing for Duty Shift

Load More

The FIRS management, Nami said, had looked into the complaints and took steps to ease the process of obtaining the TCC.

The agency chief said it had put in place machinery to issue Year 2020 TCC to all eligible taxpayers from January 2 to January 31.

He warned taxpayers that the agency would invoke the provisions of the law, including its enforcement and imposition, should it become apparent that a taxpayer had misled the FIRS to issue a TCC.

“The service may not hesitate to use enforcement activities, including imposition of lien on bank accounts of such defaulting companies to recover any outstanding debts, when it discovers that the taxpayer has misled the service in its 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,” Nami said. This is the first time the FIRS will grant this window to taxpayers to apply for their TCC, irrespective of their tax compliance status.

ALSO READ  Call For ponmo Ban, Infantile, Out of Sheer Indolence, Lack of Ideas - Ojo -Lanre

It was further reported that a brief had been forwarded to tax controllers on the new development.

This means taxpayers now have a definite window of one month for FIRS to give out TCC to them. Hitherto, FIRS said TCC would be granted by or within two weeks “provided the taxpayer paid all his/her outstanding tax due”.

With this new window for taxpayers, contractors and other members of the public who require TCC can access their contracts, get loans and licences while still having outstanding tax liabilities and pay their remaining tax during the year.

Tags: Firs
Share11Tweet7Send
Previous Post

Oyo ALGON Warns Caretaker Chairmen, Civil Servants (See letter)

Next Post

Dangote  Lost N25bn To Poor Lagos Road

NationalInsight

NationalInsight

Related Posts

Featured

Ibadan Catholic Archdiocese Denies Allegation Against Priest

by NationalInsight
May 14, 2025
213
Featured

2027: Nigerians, Not Ex- first Lady Will Decide 2027 Election- Group Replies Patience Jonathan

by NationalInsight
May 14, 2025
224
Featured

Journalist Slumps, Dies While Preparing for Duty Shift

by NationalInsight
May 14, 2025
228
Alhaji Saheed Omogbolahan Adigun, Oba Mobil
Featured

Alhaji Saheed Omogbolahan Adigun(Oba Mobil): Fueling Lives with Kindness and Commitment by Remi Oladoye

by NationalInsight
May 14, 2025
372
#image_title
Featured

Oyo State Receives Torch of Unity for Ogun 2025 National Sports Festival

by NationalInsight
May 13, 2025
227
Next Post
Alhaji Aliko Dangote

Dangote  Lost N25bn To Poor Lagos Road

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest Post

Ibadan Catholic Archdiocese Denies Allegation Against Priest

May 14, 2025
213

2027: Nigerians, Not Ex- first Lady Will Decide 2027 Election- Group Replies Patience Jonathan

May 14, 2025
224

Journalist Slumps, Dies While Preparing for Duty Shift

May 14, 2025
228
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Advertise Here

Recent Posts

  • Ibadan Catholic Archdiocese Denies Allegation Against Priest
  • 2027: Nigerians, Not Ex- first Lady Will Decide 2027 Election- Group Replies Patience Jonathan
  • Journalist Slumps, Dies While Preparing for Duty Shift

Copyright © 2020 National Insight News

No Result
View All Result
  • Politics
  • Entertainment
  • News
    • Business
    • Health
    • Tourism
  • Sports
  • Contact Us
  • Privacy Policy

Copyright © 2020 National Insight News

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
WP Twitter Auto Publish Powered By : XYZScripts.com