By Oluyemi Ogunseyin 26 April 2023 | 11:50 am The Federal Inland Revenue Service (FIRS) has announced that it has extended the deadline for the filing of Value-Added Tax (VAT) for the month of April 2023. “Following the introduction of a new process of claiming INPUT Tax which took effect from 1st April 2023, and the consequent concerns raised by taxpayers, the Federal Inland… The Executive Chairman, Federal Inland Revenue Service, Mr. Muhammad Nami; Chairman. Photo/FACEBOOK/inecnigeria The Federal Inland Revenue Service (FIRS) has announced that it has extended the deadline for the filing of Value-Added Tax (VAT) for the month of April 2023. “Following the introduction of a new process of claiming INPUT Tax which took effect from 1st April 2023, and the consequent concerns raised by taxpayers, the Federal Inland Revenue Service (FIRS) has notified taxpayers that it has graciously extended the VAT filing due date for April 2023 from the midnight of 21st April 2023 to the midnight of 30th of April 2023,” FIRS chairman, Muhammad Nami said in a statement. He called on taxpayers to make sure that they adhere strictly to the new date as there would be penalties for defaulters. “The Input VAT claim columns (Domestic Purchases & import Purchases) and that of Deducted at Source will be open until midnight of 30th April 2023 to allow taxpayers to make all necessary input claims for the month of April, while penalties and interest for failure to file by the extended due date will now apply to all returns filed after midnight of 30th April 2023.” According to Nami, this filing due date extension becomes expedient to enable taxpayers to meet the requirements of the newly introduced VAT input claim processes. The FIRS chairman also said that this filing due date extension is only for the month of April 2023. Nami enjoined all taxpayers in the country to comply with the new deadline so as to avoid any penalty. Meanwhile, according to the FIRS, the filing and payment due date for Value Added Tax (VAT) and Withholding Tax (WHT) in Nigeria is the 21st day of the month following the reporting period of transaction. 18 mins ago The President of the Court of Appeal, Justice Monica Dongban-Mensem, has directed that the Ebonyi Election Petitions Tribunal be relocated to Abuja immediately. The Secretary of the tribunal, Nyior Sekulla announced this in Abakaliki on Wednesday. He said the tribunal office at the Ebonyi Judiciary Headquarters in Abakaliki has been shut down, following the directive.… 25 mins ago The Debt Management Office (DMO) says Nigeria’s indebtedness to the World Bank, which grew from 6.29 billion dollars in 2015 to 13.46 billion dollars in 2022 is a positive development. According to a statement by the DMO in Abuja on Wednesday, this is contrary to media reports about the nature of World Bank loans to… 30 mins ago President Muhammadu Buhari has sworn in six new permanent secretaries in the Federal Civil Service on Wednesday at the Council Chambers of the State House in Abuja. The appointees are Adam Mahmud Kambari (Borno State), Esuabana Nko Asanye (Cross River), Lamuwa Adamu Ibrahim (Gombe State), Yakubu Adam Kofar-Mata (Kano State), Oloruntola Olufemi Micheal (Ogun State)… 2 hours ago The Federal Inland Revenue Service (FIRS) has announced that it has extended the deadline for the filing of Value-Added Tax (VAT) for the month of April 2023. “Following the introduction of a new process of claiming INPUT Tax which took effect from 1st April 2023, and the consequent concerns raised by taxpayers, the Federal Inland… 2 hours ago Nigerian students in Sudan are on their way to Egypt en route to the country, according to the Chairman and Chief Executive Officer of Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa. Dabiri-Erewa on Tuesday disclosed that the arrangement of the Federal Government is in place to evacuate Nigerians trapped in the war-ravaged Sudan. She said…
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