The Federal Inland Revenue Service (FIRS) the Nigerian National Petroleum Corporation Limited (NNPCL) and the Nigeria Customs Service (NCS) disclosed before the National Assembly on Monday...
The Federal Inland Revenue Service (FIRS) has taken a significant step towards revolutionizing tax administration in Nigeria with the launch of an unstructured supplementary service data...
The Federal Inland Revenue Service (FIRS) has disclosed that the newly gazetted Withholding Tax (WHT) regime will take effect from the 1st of January 2025. Consequently,...
The Federal Inland Revenue Service (FIRS) is seeking the support of the National Assembly to enact a comprehensive law regulating the cryptocurrency industry in Nigeria. The...
The Senate Committee on Public Accounts has expressed outrage over the refusal of 15 government agencies, including the Nigerian National Petroleum Company Limited (NNPCL) and the...
A Federal High Court in Abuja has adjourned the alleged tax evasion case against Binance Holdings Limited and its executives to April 19, 2024. Ripples Nigeria...
The Federal Inland Revenue Service (FIRS) has apologised to the Christian Association of Nigeria (CAN) over its “provocative” Easter message. FIRS in an Easter message on...
The Christian Association of Nigeria (CAN) on Tuesday demanded a public apology from the Federal Inland Revenue Service (FIRS) over its Easter message. FIRS had in...
The Federal Inland Revenue Service (FIRS) has thrown a curveball at the Child’s Online Access Protection Bill, currently under review by the House Committee on Justice....
The Federal Inland Revenue Service (FIRS) on Monday, issued a clarification regarding the taxation of online content creators, stating that individual creators, including skit makers, do...
The Nigerian Government has set a target of generating a staggering N9.96 trillion from Petroleum Profit Tax (PPT) collections in 2024. This is despite the inability...
The Federal Inland Revenue Service (FIRS) has set a revenue target of N19.41 trillion in 2024. This target represents a significant increase of 56.91% from the...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday Federal Government’s revenue-generating agencies remitted ₦14.3 trillion as revenue from the extractive sector to the federation...
President Bola Tinubu on Thursday approved the appointment of Zacch Adedeji as the new acting executive chairman of the Federal Inland Revenue Service (FIRS). The Special...
The Federal Government will harmonise all revenue-collecting agencies for effective performance in the country. The Special Adviser to the President on Revenue, Zach Adedeji, stated this...
PricewaterhouseCoopers’s (PWC) Africa tax leader, Taiwo Oyedele, has warned that the Value-added tax Direct Initiative (VDI) of the Federal Government could lead to the exploitation of...
The Nigerian government has collected a total of N155.58 billion in income tax payments from ten banks operating in the country. The tax payments were captured...
The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) saw a significant rise in their revenue collection, reaching N12.7 trillion in 2022. This...
A bill to amend the Federal Inland Revenue Service (FIRS) Act that regulates the processes of granting tax holidays to corporations operating in Nigeria has been...
In the past couple of years, there have been increased conversations around the murky subject of betting taxes in Nigeria. As at 2020, reports were rife...
The House of Representatives Ad hoc Committee Investigating the Structure and Accountability of Joint Venture Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum Corporation...
For taxable supplies made to them, Deposit Money Banks (DMBs), MTN and Airtel will withhold the 7.5 per cent Value Added Tax (VAT) on behalf of...
The Federal Inland Revenue Service (FIRS) has disclosed the commencement of tax deductions at online betting transaction sites. This was announced on Wednesday in Abuja by...
The Federal Inland Revenue Service (FIRS) has issued a two weeks warning notice to taxable persons or tax agents that made Value Added Tax (VAT) and...
The Federal government of Nigeria between 2017 and 2019 received a credit alert of N28.02 trillion from four agencies. The revenue earned was disclosed by the...
MTN Nigeria is under investigation by the House of Representatives Committee on Public Accounts following a N2.6 trillion tax waiver granted it by the Federal Ministry...
MultiChoice Nigeria has succumbed to the demands of the Federal Inland Revenue Service (FIRS) to audit its company accounts over tax-related issues that has led to...
The Federal Government’s tax agency, Federal Inland Revenue Service (FIRS) will start taxing Nigerians and foreigners on profits made from borrowing money to government through investment...
The Federal Inland Revenue Service (FIRS) has revealed that over N6.405 trillion was generated from tax in the 12 months of 2021. The Executive Chairman of...
With the end of 2021, it’s time to go on a trip down memory lane of events that shaped the year in the business world. This...
Deadline for the waiver of penalty and interest for companies yet to submit outstanding 2021 year of assessment (YOA) companies income tax (CIT) returns has been...
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, said on Friday the Federal Government is considering an out-of-court settlement with states the ongoing dispute...
The Federal Inland Revenue (FIRS) on Thursday urged the Federal Government to adopt a single revenue authority for the country to boost its revenue. The Executive...
The Federal Inland Revenue Service (FIRS) has detailed its mandate towards diversifying the tax and revenue sources accruable to the Federal Government. Mohammed Nami, the FIRS...
The Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, said on Friday only 41 million people pay tax in Nigeria. Nami, who stated this...
Gunmen on Sunday set ablaze the Department of State Services (DSS) and Federal Road Safety Corps (FRSC) offices in Nnewi, Anambra State. An eyewitness told journalists...
Due to dwindling oil revenues accruable to the Federal Government, the Federal Inland Revenue Service (FIRS) has charged state governments to maximise the limitless potentials inherent...
The discourse on fiscal federalism and states’ right to collect Value-Added Tax (VAT) continues as the Northern Governors’ Forum is scheduled to meet later today (Monday)...
Minister of Justice and Attorney General of the Federation, Abubakar Malami (SAN) and the Minister of Finance, Budget and National Planning, Zainab Ahmed, have weighed in...
The Federal Inland Revenue Service (FIRS) has been directed to tax digital transactions across Nigeria, as President Muhammadu Buhari looks to improve FG’s poor revenue generation....
The Governor of Rivers State, Nyesom Wike, has knocked those criticising the move by the state government to challenge the legality of the Federal Inland Revenue...
The Nigerian Organized Private Sector (OPS) has requested clarification on who should get the August Value Added Tax (VAT) collected by businesses, which is due for...
The Federal Inland Revenue Service (FIRS) has called on Civil Society Organisations (CSOs) to register for tax purposes and obtain Taxpayer Identification Number (TIN), threatening to...
The Southern Governors’ Forum on Thursday declared support for the collection of the Value Added Tax (VAT) by states. The forum also charged governors to expedite...
The joint suit by Lagos and Rivers States to challenge the collection of Value Added Tax by the Federal Inland Revenue Service (FIRS) has resulted in...
The Lagos State Government has applied to be joined as a co-respondent in the appeal filed by the Federal Inland Revenue Service (FIRS) against the judgement...
The Federal Inland Revenue Service (FIRS) has said it has no plan to tax companies using the social media to transact business, but confirmed that digital...
The governor of Rivers State has threatened that the state government will shut down the premises of any bank or business organisation in the state that...
Justice Stephen Dalyop Pam of the Federal High Court, Port Harcourt, on Monday dismissed an application filed by the Federal Inland Revenue Service (FIRS), seeking to...
Governor Nyesom Wike of Rivers State on Thursday signed into law the bill on Value Added Tax (VAT) collection in the state. Wike signed the recently...
