Tag: FIRS

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…

Daily Report

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…

Daily Report

‘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…

Daily Report

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…