The Federal Government has approved a new tax act that significantly tightens the confidentiality of tax…
Tag: FIRS
Digital Rights Group Sues FIRS, NIMC, CBN, Others On Massive Data Breach
A digital rights advocacy organization, Paradigm Initiative, has launched a legal battle against the Nigerian government…
Tax Default: MTN Rejects Tribunal Ruling on $47.8 Million VAT Award To FIRS
MTN Nigeria Communication Plc has rejected the judgment of the Tax Appeal Tribunal which upheld the…
2.7 Million Nigerians Lose N89.4 Billion as BBHTV, Ponzi Scheme Collapses
Over 2. 7 million Nigerians have reportedly lost some N89.4 billion to BBHTV, a Ponzi scheme…
Nigerians to Pay VAT for Digital Services – FG
Nigerians may have to pay more for digital services as the Federal Government has introduced a…
CBN Restates Commitment Towards Youth Empowerment
The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele has pledged more support for youth empowerment,…
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…
FG Repositions NIPOST as Legal Producer, Collector of Stamp Duty
…Unveils 60th Independence Anniversary Commemorative Stamps The Nigerian Government has finally repositioned Nigerian Postal Service (NIPOST)…
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…
Defaulting Bank Remits N1.2 Billion In Stamp Duty – FIRS Boss
….N80 Billion Collected For Stamp Duty An unnamed commercial bank, which has defaulted in stamp duty…
FIRS Clarifies Administration Of Stamp Duties Act
The Federal Inland Revenue Service (FIRS), has clarified requests by some taxpayers over administration of the…
FIRS Extends Tax Debt Payments to August 31
Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and…
Senate to Intervene in NIPOST, FIRS Stamp Duty Dispute
The Senate says it will soon schedule a meeting with all relevant stakeholders to resolve the…
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…
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…
MTN, FIRS disagree over Tax matters
The South telecommunications Company, MTN Nigerian and the Federal Inland Revenue Service (FIRS) have disagree over the…
Taxation should not be seen only as an instrument of revenue generation – LCCI
The Lagos Chamber of Commerce and Industry (LCCI) has faulted the approach of seeing taxation as a…