Home Business  FIRS Offers One-Month Window To Ease TCC Issuance

 FIRS Offers One-Month Window To Ease TCC Issuance

0

Following difficulties encountered by contractors and others who need Tax Clearance Certificate (TCC) for various purposes, the Federal Inland Revenue Service (FIRS) has offered a 30- day window to enable them obtain the documents.

TCC is required by taxpayers to enable them 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.

In a notice signed by the Executive Chairman, FIRS,  Muhammad Nami to make things easy for taxpayers, 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.

Nami in the public notice titled “Facilitating 2020 TCC Issuance” said the one-month window was to assist taxpayers meet their obligations as they might need TCC.

He warned though that FIRS will 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.

“Following the numerous complaints received from our esteemed taxpayers with respect to difficulties encountered before obtaining 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 2nd January to 31st January, 2020.

“The Service may not hesitate to use enforcement activities including the 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

nigeria_news_access_bank_online

Like and Share this:

ADD YOUR COMMENT

Please enter your comment!
Please enter your name here