FIRS Archives — Page 2 of 4 — City Business News

October 27, 2022 No Responses

FIRS Begins Direct Collection Of Taxes From Online Gaming Operators

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution. In a Public Notice signed by its Executive Chairman, Muhammad Nami, the...

August 22, 2022 No Responses

NLNG Receives Road Infrastructure Tax Credit Certificate For Bonny – Bodo Road From FIRS

The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, has received its Tax Credit Certificate from the Federal Inla...

July 28, 2022 No Responses

NEPZA, FIRS Agree To Adjust FTZs New Tax Administration Pact

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have agreed to adjust some sections of the recently signed Memorandum of Understanding (MoU) on effective tax administration, to accommodate some salient concer...

July 7, 2022 No Responses

Tax Development: FIRS Boss Harps On Collaboration Among Regulatory Bodies

The Federal Inland Revenue Service (FIRS) has described collaboration among regulatory bodies as critical in deepening FIRS institutional framework through qualitative reporting and effective representation of their clients. Mr Muhammad Nami, the Executive C...

July 5, 2022 No Responses

Income Tax Returns: FIRS Extends Due Date For Companies

The filing of Companies Income Tax Returns for the 2022 Year of Assessment, due on 30th June 2022, has been extended to 31st August 2022, for companies who were unable to meet up with the deadline as at the end...

June 11, 2022 No Responses

FIRS Embarks On Nationwide Tax Compliance Campaign

The Federal Inland Revenue Service (FIRS) is to embark on a compliance exercise from July, 2022 on Value Added Tax (VAT) and Withholding Tax (WHT). The announcement is contained in a public notice signed by the FIRS Executive Chairman, Muhammad...

May 25, 2022 No Responses

FIRS Seeks Tax Compliance As A Prerequisite For Clearing Political Aspirants

The Federal Inland Revenue Service (FIRS), has recommended tax compliance as a prerequisite for clearing aspirants to contest elective positions. The Executive Chairman of FIRS and Chairman, Joint Tax Board (JTB) Muhammad Nami made the recommendation at a me...

May 20, 2022 No Responses

Osinbajo Drums Support For FIRS Digitisation Agenda

By Moses Ebosele, ebosele@hotmail.com — The Chartered Institute of Taxation of Nigeria (CITN) has been urged to support the Federal Inland Revenue Service (FIRS) in its drive towards full digitalisation of tax administrative processes. V...

May 16, 2022 No Responses

NLNG Tops Tax Compliance Firms In Nigeria

The Federal Inland Revenue Service (FIRS), on Monday, 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 social cont...

October 8, 2021 No Responses

FIRS Boss: Only 41m People Pay Tax In Nigeria

The Chairman, Federal Inland Revenue Service (FIRS), has said that only 41 million pay taxes in Nigeria out of the over 200 million population in the country. Nami made the disclosure at the ‘Public Presentation and Breakdown of the Highlights...

September 30, 2021 No Responses

VAT: Oyo Seeks To Join Rivers’ Suit Against FG

The Oyo State Government has asked the Court of Appeal, sitting in Port Harcourt, to be joined in the suit instituted by the Rivers State Government against the Attorney-General of the Federation. The suit is in respect of the bid...

September 17, 2021 No Responses

FIRS Implores CSOs On Tax

All Civil Society Organisations (CSOs) are expected to register for tax purposes and obtain Taxpayer Identification Number (TIN), Mr Temitayo Orebajo, Director, Tax Policy and Advisory Department, Federal Inland Revenue Service (FIRS) has said .Ore...

August 20, 2021 No Responses

VAT Collection: Wike Signs Bill Into Law

Rivers State Governor, Nyesom Wike on Thursday signed into law the bill on Value Added Tax (VAT) collection in the state. Wike signed the recently passed bill by the Rivers State House of Assembly into law at Government House, Port...

August 19, 2021 No Responses

FIRS Targets N10.1trn Revenue In 2022

The Federal Inland Revenue Service (FIRS) has projected generating N10.1 trillion revenue for the 2022 financial year. Chairman of FIRS, Muhammad Nami stated this when he appeared before the House of Representatives Committee on Finance on Wednesday, in ...