25 C
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Friday, August 7, 2020

Stamp Duty: FIRS Orders Landlords, Agents On 6% Charge Remittance

Stamp Duty: FIRS Orders Landlords, Agents On 6% Charge Remittance     The Federal Inland Revenue Service (FIRS) has called on landlords and property agents to ensure...

Nigeria Records N7.188trn Tax Revenue Deficit In Five Years

Nigeria Records N7.188trn Tax Revenue Deficit In Five Years     Indications that the Federal Government’s fiscal projections on revenue collectible from tax sources in yearly budgets...

FIRS Extends Tax Debt Payments Deadline To August 31

FIRS Extends Tax Debt Payments Deadline To August 31     The Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty...

IGR: Investment Experts Seek Review Of Tax Collection Initiative

IGR: Investment Experts Seek Review Of Tax Collection Initiative     On the backdrop of fall in Internally Generated Revenue (IGR) across the 36 states of the...

Senate Summons Emefiele, Ahmed, Others Over Expatriate Tax Evasion

Senate Summons Emefiele, Ahmed, Others Over Expatriate Tax Evasion     The Senate on Wednesday summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed, and...

Reverse VAT To 5%, NECA Urges FG

Reverse VAT To 5%, NECA Urges FG   The Nigeria Employers’ Consultative Association (NECA) has urged the Federal Government to reverse the current Value Added Tax...

Budget 2020: Low VAT Collections Threaten Revenue Projections

Budget 2020: Low VAT Collections Threaten Revenue Projections     Plans by the fiscal authorities to bridge the 2020 deficit gap partly through the Value Added Tax...

FIRS Sets June 30 To Resume Field Audit, Investigation Exercises

FIRS Sets June 30 To Resume Field Audit, Investigation Exercises     The Federal Inland Revenue Services (FIRS) has said it will resume audit, investigations and monitoring...

Revolutionising Tax For Nigeria’s Sustainable Growth

Revolutionising Tax For Nigeria’s Sustainable Growth     The Federal Inland Revenue Service (FIRS), is currently implementing small businesses-friendly tax policy that temporary exempts operators with annual...

FIRS Gives Deadline On Tax Interests, Penalties Waiver

FIRS Gives Deadline On Tax Interests, Penalties Waiver   Federal Inland Revenue Service (FIRS) is to waive interests accruable to debts as well as the related...

FIRS sets new record in revenue collection

FIRS sets new record in revenue collection ...records 15% increase in Q1 The final performance result in revenue collection by the Federal Inland Revenue Service (FIRS) for...

N8.5 trillion tax target: FIRS records 10.4% increase in Q1 collection

N8.5 trillion tax target: FIRS records 10.4% increase in Q1 collection In spite of the sharp fall in the price of Nigeria’s major export and...

LIRS Extends Deadline For Filing Annual Tax Returns

LIRS Extends Deadline For Filing Annual Tax Returns   The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Annual Returns for...

Tax: Ease of payment critical to national development – FIRS

Tax: Ease of payment critical to national development – FIRS A tax system designed to facilitate  voluntary compliance and seamless payment by  taxpayers is critical to achieving...

FIRS Sets April 1 For eVAT Collection For Superstores, Others

FIRS Sets April 1 For eVAT Collection For Superstores, Others   The Federal Inland Revenue Service (FIRS) has stated that its Automated Value Added Tax (VAT)...

How AI, Machine Learning, Others Challenge tax collection, by FIRS

How AI, Machine Learning, Others Challenge tax collection, by FIRS    The Executive Chairman (EC), Federal Inland Revenue Service(FIRS), Mr. Muhammad Nami, has alerted tax...

Fed Govt To Review Tax Exemption For Pioneer Firms

Fed Govt To Review Tax Exemption For Pioneer Firms   The Federal Inland Revenue Service has accused some multinationals operating in Nigeria of not paying the...

FIRS Moves to block PAYE tax leaks in MDAs

FIRS Moves to block PAYE tax leaks in MDAs The Federal Inland Revenue Service (FIRS) is working closely with Ministries, Departments and Agencies (MDAs) to...

FIRS Targets N4trn Tax From Oil, Gas Companies

FIRS Targets N4trn Tax From Oil, Gas Companies   The Federal Inland Revenue Service (FIRS) expects to rake in N4 trillion as tax revenue from the...

Tax Tribunal orders ECO Bank to pay N1.6 billion to FIRS

Tax Tribunal orders ECO Bank to pay N1.6 billion to FIRS The Tax Appeal Tribunal, Lagos Zone has declared as illegal, null and void the...
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