FG Plans New Taxes, Regulation for Cryptocurrency by September
The Federal Government has announced plans to introduce new tax laws by September, which will include regulations for the cryptocurrency industry. The Executive Chairman of the Federal Inland Revenue…
Tinubu’s Tax Reform Bills: Only Three States Receive Over 70% VAT in Nigeria – FIRS
The Chairman of the Federal Inland Revenue Service, FIRS, Zacch Adedeji has revealed that only three states benefit from the current tax law. He stated that the three states receive…
FIRS Announces Fresh Recruitment For Experienced Positions
The Federal Inland Revenue Service, FIRS has announced it is recruiting. FIRS made the announcement on its official X handle on Monday. The advertised positions include Assistant Manager and Deputy…
FIRS Clarifies 6% Stamp Duty Charge on Tenancy And Lease Agreement
The Federal Inland Revenue Service, FIRS has given clarifications on its decision to impose a stamp duty charge on tenancy and lease agreements. Executive Chairman of the FIRS, Muhammad Nami…
Buhari Directs Strict Compliance With Payment Of Taxes By Foreign, Local Companies
President of the Federal Republic of Nigeria, Muhammadu Buhari has directed the Federal Inland Revenue Services (FIRS) and related government bodies to plug all revenue leakages by ensuring strict compliance…
States Sue FG Over Sharing of Stamp Duty Revenue
Abubakar Malami, the Attorney-General of the Federation (AGF) has been sued by Attorneys-general of the 36 states for non-remission of funds generated from stamp duties into state accounts. The state…
‘FIRS Should Continue to Collect VAT And Share, Not States’ — Governor Umahi
Governor David Umahi of Ebonyi State has declined supporting colleagues from Rivers, Lagos and other states in their bids to collect Value Added Tax, VAT. Governor David Umahi asserted that…
Nigeria Now Has 41 Million Taxpayers, But Revenue Generation Still Low – FIRS
Muhammad Nami, chairman of The Federal Inland Revenue Service (FIRS) has revealed Nigeria now has 41 million taxpayers. Nami, who made this known on Friday, at the public presentation and…
FIRS Generated N4.2 Trillion in First Nine Months of 2021 – Nami
Federal Inland Services (FIRS), says it generated revenues worth N4.2 trillion in the first nine months of 2021. While speaking on Arise News on Wednesday, Muhammad Nami, executive chairman of…
FIRS Speaks on Its Controversial 2022 Budget Proposal
The Federal Inland Revenue Service (FIRS) has clarified controversy sorrounding its 2022 budget proposal. The Punch had reported that the agency budgeted N262.5 million for security votes and N17.8 billion for…