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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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Happy New Month

Happy New Month

We wish you a very prosperous and fruitful  new month. At SOW professional, we create edge for businesses. Contact us for your Tax Management, Audit, Management and Business Supports, We can also use our digital know how to improve your…

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