The Nigerian government has collected a total of N155.58 billion in income tax payments from ten banks operating in the country. The tax payments were captured...
The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) saw a significant rise in their revenue collection, reaching N12.7 trillion in 2022. This...
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...
In the past couple of years, there have been increased conversations around the murky subject of betting taxes in Nigeria. As at 2020, reports were rife...
The House of Representatives Ad hoc Committee Investigating the Structure and Accountability of Joint Venture Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum Corporation...
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 disclosed the commencement of tax deductions at online betting transaction sites. This was announced on Wednesday in Abuja by...
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 government of Nigeria between 2017 and 2019 received a credit alert of N28.02 trillion from four agencies. The revenue earned was disclosed by the...
MTN Nigeria is under investigation by the House of Representatives Committee on Public Accounts following a N2.6 trillion tax waiver granted it by the Federal Ministry...
MultiChoice Nigeria has succumbed to the demands of the Federal Inland Revenue Service (FIRS) to audit its company accounts over tax-related issues that has led to...
The Federal Government’s tax agency, Federal Inland Revenue Service (FIRS) will start taxing Nigerians and foreigners on profits made from borrowing money to government through investment...
The Federal Inland Revenue Service (FIRS) has revealed that over N6.405 trillion was generated from tax in the 12 months of 2021. The Executive Chairman of...
With the end of 2021, it’s time to go on a trip down memory lane of events that shaped the year in the business world. This...
Deadline for the waiver of penalty and interest for companies yet to submit outstanding 2021 year of assessment (YOA) companies income tax (CIT) returns has been...
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, said on Friday the Federal Government is considering an out-of-court settlement with states the ongoing dispute...
The Federal Inland Revenue (FIRS) on Thursday urged the Federal Government to adopt a single revenue authority for the country to boost its revenue. The Executive...
The Federal Inland Revenue Service (FIRS) has detailed its mandate towards diversifying the tax and revenue sources accruable to the Federal Government. Mohammed Nami, the FIRS...
The Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, said on Friday only 41 million people pay tax in Nigeria. Nami, who stated this...
Gunmen on Sunday set ablaze the Department of State Services (DSS) and Federal Road Safety Corps (FRSC) offices in Nnewi, Anambra State. An eyewitness told journalists...
Due to dwindling oil revenues accruable to the Federal Government, the Federal Inland Revenue Service (FIRS) has charged state governments to maximise the limitless potentials inherent...
The discourse on fiscal federalism and states’ right to collect Value-Added Tax (VAT) continues as the Northern Governors’ Forum is scheduled to meet later today (Monday)...
Minister of Justice and Attorney General of the Federation, Abubakar Malami (SAN) and the Minister of Finance, Budget and National Planning, Zainab Ahmed, have weighed in...
The Federal Inland Revenue Service (FIRS) has been directed to tax digital transactions across Nigeria, as President Muhammadu Buhari looks to improve FG’s poor revenue generation....
The Governor of Rivers State, Nyesom Wike, has knocked those criticising the move by the state government to challenge the legality of the Federal Inland Revenue...
The Nigerian Organized Private Sector (OPS) has requested clarification on who should get the August Value Added Tax (VAT) collected by businesses, which is due for...
The Federal Inland Revenue Service (FIRS) has called on Civil Society Organisations (CSOs) to register for tax purposes and obtain Taxpayer Identification Number (TIN), threatening to...
The Southern Governors’ Forum on Thursday declared support for the collection of the Value Added Tax (VAT) by states. The forum also charged governors to expedite...
The joint suit by Lagos and Rivers States to challenge the collection of Value Added Tax by the Federal Inland Revenue Service (FIRS) has resulted in...
The Lagos State Government has applied to be joined as a co-respondent in the appeal filed by the Federal Inland Revenue Service (FIRS) against the judgement...
The Federal Inland Revenue Service (FIRS) has said it has no plan to tax companies using the social media to transact business, but confirmed that digital...
The governor of Rivers State has threatened that the state government will shut down the premises of any bank or business organisation in the state that...
Justice Stephen Dalyop Pam of the Federal High Court, Port Harcourt, on Monday dismissed an application filed by the Federal Inland Revenue Service (FIRS), seeking to...
Governor Nyesom Wike of Rivers State on Thursday signed into law the bill on Value Added Tax (VAT) collection in the state. Wike signed the recently...
Digital companies, Twitter, Facebook and other social media platforms will be taxed by the Federal Inland Revenue Service (FIRS) in 2022, as tax agency set up...
Some Nigerian companies are said to be evading tax payment with change of office location as the Federal Inland Revenue Service (FIRS) can no longer trace...
The Federal Inland Revenue Service (FIRS) has said it will appeal the judgement barring it from collecting Value Added Tax (VAT) in Rivers State. The tax...
On Monday, the Federal High Court ruled that the collection of value added tax (VAT) sales taxes, education tax and levies by any Federal Government agent...
The Federal Inland Revenue Service (FIRS) has been ordered to stop demanding and collecting value-added tax (VAT) and personal income tax (PIT) across Nigeria. A federal...
There was confusion in Port Harcourt, Rivers State, on Friday morning following the closure of the corporate headquarters of the Niger Delta Development Commission (NDDC) in...
Multichoice, South African digital television has denied the accusation from the Federal Inland Revenue Service (FIRS) that it dodged tax and had an outstanding of N1.8...
The Federal Inland Revenue Service (FIRS) has disclosed that it issued a mandate to banks over the freezing of the accounts of media entertainment firm, MultiChoice Africa...
The Federal Inland Revenue Service (FIRS) has stated that it generated N650 billion as revenue in June. The Director, Communications and Liaison Department, FIRS, Mr Abdullahi...
The Economic and Financial Crimes Commission (EFCC) has re-arraigned two ex-directors and top officials of the Federal Inland Revenue Service (FIRS) on allegations of fraud. The...
The Tax Appeal Tribunal, Abuja on Wednesday, ordered a former President of the Nigerian Bar Association (NBA), Joseph Daudu (SAN), to pay the sum of N.248.5...
Justice Bolaji Olajuwon of the Federal High Court, Abuja, on Tuesday, fixed June 23 for the re-arraignment of some staff of the Federal Inland Revenue Service...
The House of Representatives Committee on Public Accounts on Wednesday asked the Executive Chairman of the Federal Inland Revenue Services (FIRS), Muhammad Nami, to resign from...
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammed Nami, has said Ministries, Departments, and Agencies of the Federal Government are the major guilty...
The Human Rights Writers Association of Nigeria (HURIWA) has criticised the Federal Inland Revenue Service (FIRS) over the imposition of over N70m as Company Income Tax...
The Senate on Wednesday approved N216.64 billion as the Federal Inland Revenue Service (FIRS) budget for the 2021 fiscal year. The upper legislative chamber’s approval followed...
