In the first half of 2023, the Federal Inland Revenue Service (FIRS) generated N5.5 trillion in tax revenue from the oil and non-oil sectors. However, according...
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 Federal Inland Revenue Service (FIRS) will start collecting taxes from market traders or the informal sector on behalf of the Federal Government. In a statement...
The National Bureau of Statistics (NBS) has revealed in its ‘Tax-to-GDP Ratio Revised Computation (2010-2021)’ report that Nigeria’s tax revenue to gross domestic product (GDP) is...
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have revealed that both agencies will establish a Joint Audit or Investigation Team...
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...
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 issued a two weeks warning notice to taxable persons or tax agents that made Value Added Tax (VAT) and...
The Federal Inland Revenue Service (FIRS) has generated the sum of N66 billion from stamp duties in five months. The FIRS Director, Communications and Liaison Department,...
Nigeria’s principal revenue collection agency, the Federal Inland Revenue Service (FIRS) recorded a tax revenue performance of N338.1 billion in January this year, latest data on...
Nigeria loses a staggering N3.635 trillion ($10 billion), translating to more than one third of its 2020 budget (estimated to be N10.59 trillion), every year in...
Telecommunications giant MTN Nigeria, has agreed to the existence of a technical disagreement between it and the Federal Inland Revenue Service (FIRS) on how the 2015...
The Tax Appeal Tribunal, sitting in Abuja on Wednesday, reversed N29.2 million the Federal Inland Revenue Service’s (FIRS) imposed as value added tax on Infinity Trust...
The Federal Inland Revenue Service (FIRS) has dismissed reports that money paid as taxes is missing from the agency’s purse. There were reports in some quarters...
The Manufacturers Association of Nigeria (MAN), has appealed to the Federal Inland Revenue Service (FIRS), not to increase taxes, but to bring more tax payers into...
The Lagos Chamber of Commerce and Industry (LCCI) on Monday kicked against moves by the Federal Inland Revenue Service (FIRS) to restrain bank accounts belonging to...
The Federal Inland Revenue Service has sought the services of the Nigeria Police to go after over 85,000 wealthy businessmen who are perpetual tax evaders. The...
The Federal Inland Revenue Service, FIRS, made a whooping N300.4 billion in three years, between 2016 and 2018 as the cost of collecting taxes. According to...
The Federal Inland Revenue Service, FIRS, has said it remitted a total of N4.62tn into the Federation Account between January and November, 2018. This is according...
The Federal Account Allocation Committee (FAAC) has disbursed a total of N689.71 billion to the federal, state and local governments as revenue allocation for the month...
The Federal Inland Revenue Service (FIRS) said it would soon go after bank accounts of defaulting taxpayers in Nigeria who are raking in billions and are...
The Minister of Finance, Kemi Adeosun, has said all Ministries, Departments and Agencies (MDAs) of the Federal Government and the Federal Inland Revenue Service (FIRS) are...
The prevailing negative economic environment has had a very adverse effect on the performance of the Federal Inland Revenue Service (FIRS), the nation’s most important revenue...
These are certainly bad times for acclaimed turnaround expert, Mr. Jimoh Ibrahim, as the Federal Inland Revenue Service (FIRS) on Thursday sealed up the Abuja Head...
Nigeria losses an average of $250 billion annually through tax evasion/ underpayment by International Oil Companies and other multinationals, the Chairman of the Federal Inland Revenue...
Executive Chairman of the Federal Inland Revenue Service (FIRS) Alhaji Kabiru Mashi has been relieved of his position. He has been replaced on an acting capacity...
