Tax Matters

Buhari Orders FIRS To Tax Digital Transactions           The Secretary to the Government of the Federation (SGF) and Chairman, Presidential Task Force (PTF) on COVID-19, Boss...

Private Sector Seeks FG’s Intervention On VAT Remittance             Following the controversy between the Federal and State Government on Value Added Tax (VAT), especially as today’s...

Oil Marketers Seek Removal Of VAT On Imported Cooking Gas       The Major Oil Marketers Association of Nigeria has said the imposition of Value Added Tax...

Andersen Faults FIRS On N1.8trn Tax Liability On Multichoice         Tax and business advisory firm, Andersen, has questioned how the Federal Inland Revenue Service (FIRS), arrived...

VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States       The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments...

Tax Evasion: Tribunal Orders DSTV To Pay 50% Tax Arears Before Hearing Appeal. A Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria...

FIRS Insists On VAT Collection, Warns Taxpayers Against Default       The Federal Inland Revenue Service (FIRS) has directed taxpayers in the country to continue to pay...

PIA'll Deplete Tax Revenue, FIRS warns       Federal Inland Revenue Service (FIRS) Chairman, Mohammed Nami, said though the law may affect revenue expected to be generated...

Recover N17.69bn From Tax Evaders, Senate Tells FIRS       The Federal Inland Revenue Service confirmed that companies with untraceable addresses evaded taxes to the tune of...

In Six Months, Nigeria’s VAT Hits N1trn - NBS       Nigeria generated a N1tn in the first half of the year, consisting of N512.25bn in the...

VAT, Multiple Taxations Undermine Stock Market Performance     Barely two years after the resumption of Value Added Tax (VAT) to the stock market, investors have returned...

FIRS, Firm Partner To Simplify Tax Remittances       No further simplify tax remittances, SystemSpecs has collaborated with the Federal Inland Revenue Service (FIRS). This deal is also...

ECOWAS Advices Nigeria To Raise VAT On Hotels, Others       The Economic Community of West Africa States has canvassed an increase in the Value Added Tax...

FIRS Generates More Revenue With Adoption Of Technology, Says Nami       The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that the adoption...

FIRS Makes Historic N650bn Tax Haul in June 2021 The Federal Inland Revenue Service has raked in over N650 billion in June 2021, the highest...

FIRS Pushes Filing period For 2021 Income Tax Returns The Federal Inland Revenue Service (FIRS) has granted a one-off one-month extension for the filing of...

Tax defaulters to pay 50% of disputed amount into court account before hearing Tax defaulters who plan to institute legal cases against the Federal Inland...

2020 Finance Act Improving Tax Collection – CITN     Newly elected president of the Chartered Institute of Taxation of Nigeria (CITN), Mr. Adesina Adedayo, has lauded...

CITN Harps On Taxation As Policy Instrument For Economic Stability       Notwithstanding recent efforts by the Federal Government to reposition taxation for revenue increase, the Chartered...

Tax Forms 70% Of FAAC Allocations — FIRS Boss       The Executive Chairman of the Federal Inland Revenue Service (FIRS), Alhaji Muhammad Mamman Nami, has said...