The Value Added Tax (VAT) filing deadline for April 2023 has been extended, according to a statement from the Federal Inland Revenue Service (FIRS).
The filing due date extension becomes expedient to enable taxpayers to meet the requirements of the newly introduced VAT input claim processes.
“Following the introduction of a new process of claiming INPUT Tax which took effect from 1st April 2023, and the consequent concerns raised by taxpayers, the Federal Inland Revenue Service (FIRS) has notified taxpayers that it has graciously extended the VAT filing due date for April 2023 from the midnight of 21st April 2023 to the midnight of 30th April 2023,” said FIRS chairman Muhammad Nami in a statement.
Nami enjoined all taxpayers in the country to comply with the new deadline to avoid any penalty.
“The Input VAT claim columns (Domestic Purchases & import Purchases) and that of Deducted at Source will be open until midnight of 30th April 2023 to allow taxpayers to make all necessary input claims for April, while penalties and interest for failure to file by the extended due date will now apply to all returns filed after midnight of 30th April 2023.”
The FIRS chairman also said that this filing due date extension is only for April 202.
Meanwhile, according to the FIRS, the filing and payment due date for Value Added Tax (VAT) and Withholding Tax (WHT) in Nigeria is the 21st day of the month following the reporting period of the transaction.