The Federal Executive Council (FEC) has approved a new National Tax Policy (NTP) proposed by the Federal Ministry of Finance, which seeks to provide a set of guideline, rules and modus operandi that will regulate Nigeria’s tax system.The document will soon be presented...

… As FIRS Arraigns foreigners and Raids Hotels over Tax Evasion and Arrears The Finance Minister, Mansur Muhtar has said unless the Government partners the private sector and other stakeholders on tax matters, the country may not successfully get out of the current economic...

Tax defaulting firms and individuals in the country have been warned by the Federal Inland Revenue Service (FIRS) that the game is up as it has now vowed to bring the perpetrators before the extant laws establishing it. Security Adviser of FIRS,...

The Federal Inland Revenue Service is on the verge of completion of generating Taxpayer Identification Numbers, TIN for all corporate bank account customers. This is contained in the Monthly Report of the FIRS for the month of May 2009, released recently.  Banks are...

Tax history has recorded a leap with the activation of the online payment of taxes, using Federal Inland Revenue Service, FIRS Online. Directors and staff of the revenue agency and their technology partners (solution providers) leapt for joy as FIRS online tax payment portal...

The Federal Inland Revenue Service, FIRS in Lagos , sealed up the offices of two oil companies: Continental Oil and Gas and Con Oil Producing Limited over tax arrears totaling $610.6 million dollars. The offices of the two companies are located on Ligali Ayorinde...