26.1 C
Abuja
Tuesday, September 21, 2021
FIRS Building

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...

Customs Wants Tax Waivers Removed On Coca-Cola, Others

Customs Wants Tax Waivers Removed On Coca-Cola, Others     The Nigerian Customs Service (NCS) has called for the removal of tax waivers granted to companies producing...

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...
Value Added Tax

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...
Muhammad Nami

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...

TAX: Chinese Firm, WEMPCO, Grounded Over N200m Debt

TAX: Chinese Firm, WEMPCO, Grounded Over N200m Debt   The placement of a lien on the accounts of a Chinese firm, Western Metal Products Company, popularly...
LIRS Chairman, Hamzat Ayodele Subair

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...

COVID-19 Affecting Nigerians’ Ability To Pay Taxes – Osinbajo

COVID-19 Affecting Nigerians’ Ability To Pay Taxes – Osinbajo   Vice-President Yemi Osinbajo on Sunday lamented the negative impact of the COVID-19 pandemic on the nation’s...

Chairmen and Membership of Tax Tribunals in Nigeria

    Abuja  Justice Oseni Oyewo                               = Chairman Barr. Zulaihat Yusuf Aboki                        = Commissioner Abbas Muhammad Gumel    ...

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...
FIRS

Govt Can Tax Religious Institutions For Additional Revenue

Recently, the Founder of INRI Evangelical Spiritual Church, Elija Ayodele, took a swipe at churches in Nigeria that do not do enough to alleviate...

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...
FIRS Building

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)...

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...
Muhammad Nami

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...

Taxation is  new normal – FIRS Webinar

Taxation is  new normal – FIRS Webinar Nigerians should accept the fact that the country can no longer rely solely on revenue accruing from its...

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...
Muhammad Nami

Taxes Contributed N500bn To Revenue In June – FIRS

Taxes Contributed N500bn To Revenue In June – FIRS     The Federal Inland Revenue Service (FIRS) has said tax revenues contributed at least N500bn to the...
Muhammad Nami

FIRS Sets April 12 Deadline For Taxpayers To Get TIN

FIRS Sets April 12 Deadline For Taxpayers To Get TIN   The Federal Inland Revenue Service (FIRS) has again said it is mandatory for all taxpayers...

FG Considers Tax Holiday For Maritime Sector

FG Considers Tax Holiday For Maritime Sector       The Federal Ministry of Transportation is seeking a package of tax incentives to stimulate investment and boost activities...