FG gives vessel owners six months for tax compliance, account reconciliation

To ensure tax compliance, the federal government has announced a grace period of three months for non-resident vessel owners to reconcile their tax obligations.

A six-month grace period was equally given to vessel owners who are yet to reconcile their accounts and fulfil tax obligations to clear their outstanding tax bill, said to be running into millions of dollars.

Reports said many of the vessel owners avoided the nation’s port due to tax concerns in the recent past.

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