FIRS – Page 3 – City Business News

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 ...

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 ...

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...

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...

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...