- FIRS halts issuance of new tax waiver certificates immediately
- Existing certificates remain valid until expiry with no renewals
- Affects all taxpayers including pioneer-status companies and NGOs
- Applies to entities in free-trade and export-processing zones
- Strict adherence to legal procedures for tax relief claims required
- Severe penalties for forgery or misrepresentation of exemption status
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
