Nigeria: Full waiver of penalties and interest on outstanding tax liabilities

Full waiver of all penalties and interest on outstanding tax liabilities that are paid by 31 December 2023

Full waiver of all penalties and interest on outstanding tax liabilities

The Federal Inland Revenue Service (FIRS) announced a full waiver of all penalties and interest on outstanding tax liabilities that are paid by 31 December 2023.

After this grace period, taxpayers who have not fully settled their outstanding undisputed liabilities will be subject to the reinstatement of full penalties and interest.

Read a December 2023 report [PDF 258 KB] prepared by the KPMG member firm in Nigeria

 

 

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained 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 3712, 1801 K Street NW, Washington, DC 20006.