The Nigerian Financial Intelligence Unit (NFIU) has warned defaulters that they will no longer get away with tax evasion as the crime is negatively affecting the government’s capacity to meet the yearnings of law-abiding citizens.
The Federal Inland Revenue Service (FIRS) has made plans to introduce an Executive Bill to the National Assembly which aims to overhaul Nigeria’s revenue system and regulate the cryptocurrency sector.
Fed Govt To Stop Multiple Revenue Agencies
Following persistent outcry of the Nigerian Organised Private Sector against multiple taxation from the three tiers of government, has hinted of an impending plan to shrink the number of revenue collection agencies in a bid to boost ease...
Fed Govt Rakes In N8.6trn From Customs, FIRS In 2021
The federal government has realized the sum of N8.6trn as taxes for the year 2021.
Data released by the Nigeria Customs Service (NCS) and the Federal Inland Revenue Service (FIRS) disclosed that both agencies generated N2.2...
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 Revenue Service (FIRS) now have to pay 50% of the assessed amount in dispute into an interest-yielding account of the...
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 Institute of Taxation of Nigeria (CITN) has said that taxation remains one fiscal policy instrument needed for stability, especially in...
