FIRS To Defaulters: Pay Up Or Risk Being Sanctioned   The Federal Inland Revenue Service has warned those in default of taxes to pay up or risk being sanctioned in line with the provisions of the Finance Act 2019. The Executive Chairman, FIRS, Muhammad Nami, gave the...

FIRS Targets 17% Tax To GDP Ratio By 2023   The Federal Inland Revenue Service has said that it will raise Nigeria’s tax ratio to Gross Domestic Product ratio from the current six per cent to 17 per cent by 2023. The FIRS Executive Chairman, Muhammad Nami,...

FIRS Explains failure to meet tax target  Non-discretionary tax waiver grants, illicit financial flows abroad and high overhead costs have been adduced as major reasons why the Federal Inland Revenue Service (FIRS)had failed to meet its tax revenue targets in recent times. The Executive Chairman FIRS,...

Tax Evasion: FIRS launches intelligence system The Federal Inland Revenue Service (FIRS) has launched a national intelligence gathering system to gather data and track all tax evaders and defaulters, with a view to bringing them all to book and make them pay their fair share...

Finance Act: Elites to pay more as FIRS Eyes fair tax regime Nigeria stands at the threshold of a new, transparent, accountable and fair tax regime in which those who make more from the system pay a more equitable share of their income as...

FIRS Moves to block $10 billion tax leak by multinationals Nigeria is losing about $10 billion of tax through illicit profit shifting by multinational corporations operating in the country, which otherwise would have been applied to critical infrastructure development by the three tiers of government. Executive...