The Federal Inland Revenue Service (FIRS) says it has granted a waiver of penalty and interest on tax liabilities to all companies between 2013 and 2015.
In a public notice on Monday, Babatunde Fowler, the executive chairman of the FIRS, said the waiver only relates to accumulated penalty and interest but not principal tax due.
Fowler said a 45-day window has been opened up by the service to enable companies owing to declare their indebtedness and present a payment plan on the outstanding principal tax liability, only acceptable to the Federal Board of Inland Revenue.





























