…as Commission Targets N19.4 Trillion for 2024 The Federal Inland Revenue Service (FIRS) says an executive…
Tag: Federal Inland Revenue Service (FIRS)
FG Generates N1.18 Trillion VAT in 6 Months
The federal government has generated a total of N1.188 trillion as Value Added Tax (VAT) in…
FIRS to Start VAT, Withholding Tax Compliance Exercise in July
The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value…
MTN Pays FIRS N6.4 Trillion as Tax Revenue in One Year
…Approximately 13.5% of total FIRS collection in 2021 …recognised as one of the top 20 taxpayers…
IMF Urges Nigeria, Others to Explore Personal Income Tax Untapped Potentials
…Says developing countries have shown remarkable progress in using the personal income tax. Nigeria and other…
FIRS Issued N147.8 Billion in Tax Credit to Dangote, Glo, MTN, Others in 2021
The Federal Inland Revenue Service (FIRS) issued tax credit to the tune of N147.8 billion in…
Digital Economy: FIRS to Prioritise Taxes From Digital Non-Resident Firms in 2022
The Federal Inland Revenue Service (FIRS) said it would give priority to the taxation of the…
ICT Sector Generates over N1trillion to FG Coffers in 2 Years
The Federal Government has said telecommunications and digital economy sector would remain central to the future…
How Road Infrastructure Tax will Help Bridge Nigeria’s Revenue Gap – FIRS Chairman
To help cover Nigeria’s revenue shortfall, the Federal Inland Revenue Service (FIRS) says it is proposing…
Buhari Orders Deployment Of Technology to Tax Digital Transactions
President Muhammadu Buhari has ordered deployment of technology to tax all digital transactions carried out across…
VAT: FG Directs Remittance by Firms to FIRS
As the deadline for the remittance of the Value Added Tax (VAT) for August expires today,…
FIRS Increases 2022 Revenue Target by 71% to N10.1 Trillion
The Federal Inland Revenue Service (FIRS) has increased its yearly target by 71 per cent as…
FIRS Generates N650 Billion Revenue in One Month
The Federal Inland Revenue Service (FIRS) has said it generated N650 billion revenue in June. The…
FIRS Directs Banks to Freeze Multichoice Accounts Over N1.8 Trillion Tax Liability
The Federal Inland Revenue Service, FIRS, has appointed some commercial banks as agents to recover the…
Interswitch Improves Electronic Tax Payment in Nigeria with Paydirect, TaxPro-Max
In fulfillment of its commitment to delivering seamless payment solutions, Interswitch Group has reaffirmed its preexisting…
FIRS Clarifies Position on Tax waivers to Local, Foreign Investors
The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has disclosed that the Service did…
Finance Act 2020: NCC, Sister Agencies to Strengthen Collaboration with FIRS
An inter-agency committee set, up by the Minister of Communications and Digital Economy, Dr. Isa Ali…
Fiscal Reforms Committee to Correct Errors in Finance Act 2020
The Fiscal Policy Reforms Committee has said it will take the opportunity to correct any perceived…
Tax Evasion: Nigeria Reportedly Lose $178 billion to Multinational in 10 Years
…FIRS Creates Tax Audit Units to Address Illicit Financial Flow Federal Inland Revenue Service (FIRS) has…
FIRS Generates N4.18trn in 10 Months—Nami
The Chairman, Federal Inland Revenue Service (FIRS), Mr Muhammad Nami said that a total of N4.18…
NLC Rejects 6 Percent Stamp Duty on Tenancy, Lease Agreements
Nigeria Labour Congress (NLC) has strongly kicked against the new policy by the Federal Government through…
FIRS Clarifies Administration Of Stamp Duties Act
The Federal Inland Revenue Service (FIRS), has clarified requests by some taxpayers over administration of the…
2020 Budget: Senate Approves N168.8 Billion for FIRS
The Senate, on Wednesday, approved N168.8 billion budget for the Federal Inland Revenue Service (FIRS) for…
FIRS Extends Tax Debt Payments to August 31
Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and…
FIRS Says Rent Agreement, C Of O, Others Must Have Stamp
As the Federal government seeks to diversify and improve its revenue base, the Federal Inland Revenue Service…
FG Remits N66Billion as Stamp Duty Revenue in Five Months
The Federal Inland Revenue Service (FIRS) has said it has remitted N66bn stamp duty revenue into…
NCC, FIRS sign MoU for Ascertaining VAT Elements of Telcos’ Transactions
In line with its inter-agency collaboration, the Nigerian Communications Commission (NCC) has signed a Memorandum of…
NIPOST Fault FIRS, Claims Statutory Right Over Stamp Duty
Nigerian Postal Service (NIPOST) has insisted that it has the statutory powers to print, mint, produce,…
FIRS Extends Deadline for Financial Reports Submission
Federal Inland Revenue Service (FIRS) has extended the deadline for the submission of 2019 financial accounts…
FIRS Generates N1.12trn Revenue in Q1
The Federal Inland Revenue Service (FIRS) said it has collected N1.123 trillion revenue in the first…
FIRS targets N8.5trn revenue in 2020- Chairman
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has said the revenue collecting…
Financial Inclusion and the Rise of Payment
Technology is an almost indispensable part of human history. It has however never quite progressed as…
Ministry of Communications and Digital Economy: Beyond the Nomenclature
The Federal Ministry of Communication has a new name. It will henceforth be known, called and…
Presidential Panel, FIRS partners to recover tax revenues on 1,500 Nigerians properties in Dubai
The Special Presidential Investigation Panel for the Recovery of Public Property (SPIP) is to panel with…
MTN, FIRS disagree over Tax matters
The South telecommunications Company, MTN Nigerian and the Federal Inland Revenue Service (FIRS) have disagree over the…
Taxpayers have right to demand value for their money – FIRS
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler has reiterated that all taxpayers…