FIRS

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In less than a year in office, President Bola Ahmed Tinubu through four Executive Orders, suspended some of the stifling taxes in Nigeria and directed the implementation of a single-digit tax system in the country. The single-digit tax…

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Newly appointed Acting Chairman of the Federal Inland Revenue Service, FIRS, Mr Zachaeus Adedeji says the administration is counting on the growth of the solid minerals sector to boost Nigeria’s economy. READ ALSO: FCT Internally…

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The Federal Inland Revenue Service in Nigeria, (FIRS) has leveraged on the use of modern information and communications technology to block leakages and shore up the revenue profile of the nation to an all time high of over 10 billion naira…

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The Executive Secretary, Tertiary Education Trust Fund (TETfund), Sunny Echono has re-emphasized on the need to increase the drive in Education Tax (EDT) collection to enable the fund meet its commitment to development of the Nigeria's…

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The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have signed a pact aimed at enhancing a better understanding of the Free Trade Zones Scheme’s tax-exempt index. The development seeks to…

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The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria. This decision is contained in a Public…

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The Federal Inland Revenue Service (FIRS) has listed Nigeria’s top-performing taxpayers in the year 2021, and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its…

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The Federal Inland Revenue Service (FIRS) has called for collaboration among African countries and international stakeholders to explore alternative rules that would subject digital businesses and base eroding tax payments.  …

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The Federal Inland Revenue Service (FIRS) has requested all companies that enjoyed capital allowances on Qualifying Capital Expenditure (QCE) of N500,000 and above between 2016 and 2021 years of assessment, to submit the Certificate(s) of…

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The revenue mobilization of Nigeria and Niger Republic can be improved if the revenue authorities of both countries work together to deepen their relationship, share tax information and engage in mutual administrative assistance.…