The New Executive Chairman of FIRS (Federal Inland Revenue Service), Mr. Muhammad Nami has announced a 30-day window offer to taxpayers in Nigeria to obtain the Tax Clearance Certificate (TCC) for year 2020.
Mr Nami announced this in a public notice, said it was designed to make things easy for taxpayers.
The notice titled, “Facilitating 2020 tax clearance certificate (TCC)”, according to a statement by the FIRS, was issued to assist taxpayers meet their obligations as they might need TCC.
Nami also noted that the offer to ease issuance of TCC is in accordance with the provisions of Section 101 (1) of CITA LFN 2004 and in conformity with Self-Assessment Regulation, 2011.
The statements read “Following the numerous complaints received from our esteemed taxpayers with respect to difficulties encountered before obtaining Tax Clearance Certificate (TCC) and the fact that taxpayers need TCC to enable them to, inter alia, seek and obtain contracts and loans, renew permits, registrations, franchises, agreements and/or licenses that will invariably generate revenue from which taxes will be paid, management has looked into the above complaints and has taken steps to ease the process of obtaining TCC.
“Consequently, notice is hereby given that the service has put in place machinery to issue 2020 TCC for all eligible taxpayers from January 2, to January 31, 2020.
“The service may not hesitate to use enforcement activities including imposition of lien on bank accounts of such defaulting companies to recover any outstanding debts when it discovers that the taxpayer has misled the service in her duty to observe tax compliance.
“The issuance of TCC to ease the burden of taxpayers is in line with the provisions of Section 101 (1) of CITA LFN 2004 and in conformity with Self-Assessment Regulation, 2011.
“Taxpayers are, therefore, encouraged to take advantage of this initiative and apply for their 2020 TCC, as soon as possible.”