On 1 July 2021, the Federal Inland Revenue Service (FIRS) announced that the deadline of submitting corporate income tax return, which was due in June is to be extended until 31 July 2021. This announcement was made public in a notice on Wednesday signed by Muhammad Nami, FIRS executive chairman. This extension suspends corresponding Late Returns Penalty and interest for late filing for the period of the extension provided that the filing process is concluded on the FIRS TaxProMax Platform and the tax due is paid using the Payment Reference Number (PRN) on or before 31st July 2021.
The extension also provides an opportunity to taxpayers to upload all unused WHT credit notes into the TaxProMax not later than 31 July 2021.
