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COVID-19 WAIVERS FOR TAX PAYERS

COVID-19 WAIVERS FOR TAX PAYERS

In view of the ongoing challenges, created by the novel outbreak of COVID-19, the Federal Inland Revenue Service (FIRS) have issued series of palliatives to cushion effects of tax burden on tax payers in Nigeria.

COVID-19 FIRS WAIVERS FOR TAX PAYERS

FIRS WAIVERS

Theses waivers were issued in a statement signed by the Executive Chairman, Mr. Muhammadu Nami of the Government Agency on the 30th of April, 2020.

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CBN N50 Billion Loan for Individuals & SMEs

Targeted Credit Facility (TCF) as a stimulus package, to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

 3 Major Objectives of the Facility:

  1. Cushion the adverse effects of COVID-19 on households and MSMEs;
  2. Support households and MSMEs whose economic activities have been significantly disrupted by the COVID-19 pandemic.
  3. Stimulate credit to MSMEs to expand their productive capacity through equipment upgrade, and research and development
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