The whole world is currently undergoing immense and unprecedented halt in global and economic activities due to the outbreak of the pandemic known as COVID-19. Businesses across the globe have had to shut down, with their employees working remotely, while a large number have lost their employment as a result of impracticality of payment of emoluments and salaries, as well as redundancy caused by cessation of business activities. Despite the crippling of the economies of the affected countries by the pandemic, several climes in the world are devising more than a few palliative measures to ameliorate the negative impact of the pandemic on businesses and individuals.
The Federal Government of Nigeria, through the tax authority responsible for corporate organisations; Federal Inland Revenue Service (F.I.R.S) has also joined the rest of the world through the introduction of certain reliefs to possibly alleviate tax liabilities during and after the outbreak of COVID-19. These measures include the following[1]: