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New Tax Clearance issuance regime at FIRS

* Offers 30-day compliance window for TCC

Isola Moses

Muhammad Nami, Executive Chairman, Federal Inland Revenue Service (FIRS), Nigeria, has unveiled a new Tax Clearance Certificate (TCC).

In a recent public notice titled: “Facilitating 2020 Tax Clearance Certificate (TCC) Issuance”, which he signed, Nami explained the entire package was designed to make things easy for taxpayers across the country.

According to Nami, who stated that the fresh regime is meant to simplify the process of obtaining the TCC, said the Service has offered a 30-day window to enable taxpayers to acquire the certificate.

The FIRS boss 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.

However, he warned though that FIRS would not fail to 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.

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