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 the first quarter(Q1, 2020) has been released, which revealed that the Service posted a new collection record of 15% increase for the quarter under review compared to the Q1,2019
  The...
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 top earner – crude oil – the Federal Inland Revenue Service (FIRS), has recorded an 10.4% increase in its collection...
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 Individual taxpayers including self-employed persons for two (2) months from April 1 to May 31, 2020.
Statutorily, the filing of annual...
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 the Sustainable Development Goals (SDGs) in Nigeria and all the three tiers of government in the country should work towards...
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) collection for branded shops, superstores, general supermarkets, standard restaurants and eateries nationwide will become effective from April 1, 2020.
Chairman of...
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 administrators in developing countries especially Africa to the disruptive tendencies embedded in the Fourth Industrial Revolution as currently being driven...
