Tag: FIRS

VAT: Oyo Seeks To Join Rivers’ Suit Against FG
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...
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FIRS Implores CSOs On Tax
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...
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VAT Collection: Wike Signs Bill Into Law
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...
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FIRS Targets N10.1trn Revenue In 2022
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 ...
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FIRS Files Appeal Against Court Judgment
August 16, 2021 No Responses

FIRS Files Appeal Against Court Judgment

The Federal Inland Revenue Service (FIRS) has appealed a recent judgment of the Federal High Court in Port Harcourt, Rivers State on the issue of Value Added Tax (VAT)collection.    FIRS in a statement issued by its Director, Communications and ...
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PDP Governors Task NNPC, NIMASA, FIRS, Others On Transparency
June 15, 2021 No Responses

PDP Governors Task NNPC, NIMASA, FIRS, Others On Transparency

The PDP Governors’ Forum has advised revenue generating agencies in the country, to be more transparent in their operations as well as in their contributions to the federation account.The forum said this in a communiqué at the end of its...
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FIRS To Revenue Authorities: Embrace e-Solutions
April 20, 2021 No Responses

FIRS To Revenue Authorities: Embrace e-Solutions

The Federal Inland Revenue Service (FIRS) has advised revenue generating authorities at all levels to embrace automated processes and e-solutions for effective tax administration.  The Executive Chairman of the service, Mr Muhammad Nami, gave the advice o...
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FIRS Creates 35 Tax Audit Units
January 12, 2021 No Responses

FIRS Creates 35 Tax Audit Units

The Federal Inland Revenue Service (FIRS) has created 35 additional Tax Audit Units across the country to address illicit financial flow.  Mr Abdullahi Ahmad, Director, Communications and Liaison Department of the service, made this known in a statement i...
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FIRS Tasks States Revenue Boards On Technology
December 19, 2020 No Responses

FIRS Tasks States Revenue Boards On Technology

The Federal Inland Revenue Service (FIRS) has urged states board of internal revenue service to leverage the use of technology to boost tax collection across the country.  The Executive Chairman of FIRS, Mr Muhammad Nami, gave the advice at the...
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FIRS Generates N4.17tri In Ten Months
December 5, 2020 No Responses

FIRS Generates N4.17tri In Ten Months

Between January and October, 2020, the Federal Inland Revenue Service (FIRS) generated a total of N4.17trillion.   Chairman, FIRS,  Muhammad Nami, represented by Mr Ezra Zubairu,  Coordinating Director, Enforcement Support Group, ...
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NLC Condemns 6% Stamp Duty On Tenancy, Lease Agreements
July 24, 2020 No Responses

NLC Condemns 6% Stamp Duty On Tenancy, Lease Agreements

The Nigeria Labour Congress (NLC) on Friday condemned six per cent stamp duty fee introduced by the Federal Inland Revenue Service (FIRS) for every tenancy and lease agreement in Nigeria.   NLC President, Comrade Ayuba Wabba, in a statement on...
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FIRS Clarifies Stamp Duty Rates
July 21, 2020 No Responses

FIRS Clarifies Stamp Duty Rates

The Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. Director Communications and Liaison Department of the FIRS, in a statement on Tuesday said the clarification ...
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Labour Commends FIRS Over Increase In Revenue Generation
July 21, 2020 No Responses

Labour Commends FIRS Over Increase In Revenue Generation

Organised Labour under the aegis of Association of Senior Civil Servants of Nigeria (ASCSN) has commended the management team of the Federal Inland Revenue Service (FIRS) for considerably boosting Federal Government revenue via stamp duty collection just as it...
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FIRS Generates N66b From Stamp Duty In Five Months
July 1, 2020 No Responses

FIRS Generates N66b From Stamp Duty In Five Months

Between January and May, this year, the Federal Inland Revenue Service (FIRS) generated the sum of N66 billion from stamp duty. In a statement on Tuesday, Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department explained that the Executive Ch...
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