Tinubu appoints Adedeji as Ag Executive Chairman of FIRS, retires Nami
President Bola Tinubu has approved the appointment of Hon. Zacch Adedeji as the new Acting Executive Chairman of the Federal Inland Revenue Service (FIRS). The President has directed the erstwhile…
Nigeria revises 2021 tax-to-GDP ratio to 10.9% – FIRS
May 31, 2023 Nigeria has revised its tax-to-GDP ratio for 2021 to 10.86% from 6% following an adjustment to include revenues collected by other government agencies, the Federal Inland Revenue…
Set aside a percentage of your annual budget to fund research, development- NCDMB urges oil, gas firms
March 29, 2023 The Nigerian Content Development and Monitoring Board (NCDMB) has called on oil and gas companies to set aside a percentage of their annual budget to fund research…
Dwindling revenue: Senate to reduce 6trn proposed import duties waiver by 50%
September 14, 2022 The Senate will reduce the import duties waivers proposed for the N19.76trillion 2023 budget with attendant deficit of N12.4trillion. The Chairman, Senate Committee on Finance, Sen. Solomon…
Tax debts: FIRS engages banks to freeze, recover N1.8trn from MultichoiceÂ
July 8, 2021 The Federal Inland Revenue Service (FIRS) has engaged some commercial banks as agents to freeze and recover N1.8 trillion from accounts of MultiChoice Nigeria Limited (MCN) And…
Registration of Taxpayers:Â FIRS To Adopt NIN Database – Nami
The Federal Inland Revenue Service (FIRS) says it is making arrangements to adopt the National Identification Number (NIN) database to ramp up registration of taxpayers, data collection, and profiling in…
6% stamp duty on tenancy, lease agreements not chargeable across board – FIRS clarifies
The Federal Inland Revenue Service, FIRS says the 6 per cent stamp duty on all tenancy and lease agreements is not chargeable across board but only on rent or lease…
NCC, FIRS sign MoU to ascertain accuracy of VAT elements paid by operators on transactions
The Nigerian Communications Commission (NCC), has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) to ensure accuracy and completeness of tax transactions of telecoms…
Annual budget to henceforth be accompanied by Finance Bills, as VAT implementation takes effect Feb. 1 – Minister
Zainab Ahmed, Minister of Finance, Budget and National Planning Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the implementation of Value Added Tax (VAT) increase…
FIRS offers 30-day window for tax payers to obtain TCC
The Federal Inland Revenue Service (FIRS) has offered a 30-day window to enable taxpayers in the country to obtain their Tax Clearance Certificate (TCC). FIRS’ Executive Chairman, Muhammad Nami, announced…