General

IRS Grants Waivers On Accumulated Penalties, Interests On Outstanding Tax Liabi

This was contained in a notice signed by the Chairman of the service, Zacch Adedeji, made available to newsmen through his Special Adviser on Media, Dare Adekanmbi.

The agency imposes penalties and interests for failure by companies to fulfill their tax obligation as and when due as stipulated in extant tax laws.

According to Adedeji, the concession is also in line with the commitment of President Bola Tinubu to support businesses to flourish.

He explained that full payment of outstanding original tax liabilities without interest on or before the 31st of December this year must be done by companies wishing to benefit from the peculiar concession.

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