Compendium of COVID-19 Tax Measures in Nigeria


Monday, October 05, 2020 / 11:30AM / Deloitte / Header Image Credit: Deloitte 

 Proshare Nigeria Pvt. Ltd.

The coronavirus pandemic has caused monumental disruptions to health, economies and businesses. Governments around the world responded with different stimulus packages and palliative measures based on each country's fiscal headroom and economic strength. Nigeria's Finance Ministry and Central Bank released different economic stimulus packages and palliative measures that are aimed at cushioning the impact of the pandemic.


Amidst the constraints of paucity of funds and the drive to raise non-oil tax revenue for the country, the response of Nigeria's Tax Authorities to the unprecedented challenge has focused on increasing the adoption of technology, extending timelines for the filing of returns, waiving of penalties and interest and other administrative measures. While the Federal Inland Revenue Service has led the charge in offering these administrative palliatives to taxpayers, a number of State Governments, through the relevant State Internal Revenue Service, have equally offered succour to taxpayers.


About 23 State Internal Revenue Services have issued public notices in recent times, offering COVID-19 palliative measures to taxpayers. The palliative measures, which include deferment of tax payment, extended timelines for filing tax returns, waiver of penalties and interest, are meant to assuage taxpayers' burden during this pandemic.

Many Tax Authorities adopted teleconferencing as the official mode for tax audit reconciliation meetings during the lockdown, in alignment with safety measures published by health agencies. The increased use of electronic channels and gradual digitisation of tax administration is an important development that should make tax collection more efficient.


The adoption of technology is gradually transforming the face of tax administration in Nigeria, leading to the optimisation of tax processes, with a potential increase in tax revenue. Improving and sustaining the digitalisation effort is critical to the overall drive for increased tax penetration and higher yields from tax collection.


This publication provides information about the palliatives offered by various Tax Authorities across the country. The compilation includes links to the public notices and information circulars from the relevant Tax Authorities. It is expected that Tax Authorities will provide updates and further guidelines in the days ahead.


Download the Compendium Here


 Proshare Nigeria Pvt. Ltd.

Related News

1.      Common Reporting Standard and Compliance Obligations for Nigerian Financial Institutions

2.     FHC Nullifies the Schedule to the Taxes and Levies Act (Amendment) Order, 2015

3.     Guide to Income Tax Regulations, 2019 for the Automatic Exchange of Financial Account Information

4.     CITN Introduces The Use of Personalised Stamps for Filing of Tax Returns and Correspondences

5.     Tax Appeal Tribunal Delivers Conflicting Decisions on Whether VAT is Chargeable on Property Leases

6.     For the Records: FG Informs Accounts Holders to Complete Self-Certification Forms

7.     TAT's Judgement on the Tax Deductibility of Demurrage and Other Expenses

8.     TAX Appeal Tribunal Rules That Rent is Not Subject to VAT

9.     Some Encouraging Signs From VAT Receipts

10.  Demand Pressure on Tax Collection

Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News