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 required tax to government by lying on their pioneer status to get tax exemption for five years instead of the...

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 increase the rate of compliance with the remittance of Pay-As-You-Earn (PAYE) tax and block loopholes being exploited by the MDAs...

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 extractive sector of the Nigerian economy in the 2020 fiscal year. A statement from the agency said the Executive Chairman of...

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 decision of ECO Bank Nigeria Limited to pay N5,545,000,000 as dividends to its shareholders in a year the bank claimed...

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 and companies to register and obtain the Tax Identification Number (TIN) and display it on all documents supporting business transactions...

Tax Evasion: Lagos Tribunal Orders Firm To Pay FIRS N1.7bn   The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful an assessment in additional tax liability of N1.73bn issued to Prime Plastichem Nigeria Limited by the Federal Inland Revenue Service. The tribunal ruled that the N1.73bn...