States’ Internal Revenue Collection Rises N2trn, Says Adedeji The Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has revealed that states’ Inland Revenue Service (IRS) have recorded improvements in revenue collection which has now reached N2 trillion mark for the first time. Adedeji...

Tax Crimes Commission Bill Passes Second Reading  The House of Representatives on Wednesday passed a bill seeking the establishment of the National Tax Crimes Commission to address revenue leakages in tax management and administration in the country. When established, the bill sponsored by the Deputy Speaker...

Tax Crimes Commission Bill Passes Second Reading  The House of Representatives on Wednesday passed a bill seeking the establishment of the National Tax Crimes Commission to address revenue leakages in tax management and administration in the country. When established, the bill sponsored by the Deputy Speaker...

Senate to FIRS: Suspend N17trn Tax Waivers   The Senate through its Committee on Finance on Monday frowned at the N17tn loss incurred by the country on tax waivers within the last five years. It consequently urged the Federal Inland Revenue Service (FIRS) to suspend the tax...

FIRS Suspends Implementation of VAT Guidelines   The Federal Inland Revenue Service (FIRS) has announced the postponement of the implementation guidelines for the value-added tax simplified compliance regime on the supply of low-value goods through digital means by non-resident suppliers. In a statement, it said the postponement...

FIRS Grants Waivers on Tax Penalties, Issues Dec 31 Deadline   The Federal Inland Revenue Service (FIRS) has offered a complete waiver on penalties and interests for overdue taxes, contingent on full principal payment before December 31, 2023. This announcement was made through a statement issued by...