Thursday, May 6, 2021

FIRS offers 30-day window for taxpayers to get clearance certificate

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Rayyan Alhassan
Rayyan Alhassanhttps://dailynigerian.com/author/rayyan/
Rayyan Alhassan is a 30-year-old graduate of Journalism and Mass Communication at Sikkim Manipal University, Ghana. He is the acting Managing Editor at the Daily Nigerian newspaper, a position he has held for the past 3 years. He can be reached via [email protected], or www.facebook.com/RayyanAlhassan, or @Rayyan88 on Twitter.
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The Chief Executive Chairman of the Federal Inland Revenue Service, FIRS, Muhammad Nami, has offered a 30- day window to enable taxpayers obtain the 2020 Tax Clearance Certificate.

DAILY NIGERIAN reports that the TCC is one of the legal requirements for applying and obtaining contracts, without which must government organizations can never grant contract to company in the country.

The Chairman said that the offer was aimed at easing issuance of TCC.

According to him, the decision is in accordance with the provisions of Section 101 (1) of CITA LFN 2004 and in conformity with Self-Assessment Regulation, 2011.

Mr Nami, therefore, warned that FIRS would invoke the provisions of the Law, including enforcement and imposition of lien, should it be apparent that a taxpayer has misled the FIRS to issue a TCC.

Recall that recently, the FIRS had warned defaulting taxpayers on the impending lien to be imposed on their bank accounts for non-compliance.

The FIRS called on business entities with annual banking turnover of ₦100million and above and those who have been collecting Value Added Tax, VAT, and deducting withholding tax, WHT, without remitting same to it, to regularise their tax status or risk being locked out of their bank accounts.

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