Mechanics, Traders Decry Multiple Taxation, Pay N167bn
Nigerians engaged in wholesale and retail trade and repair of motor vehicles and motorcycles paid a total tax of N167.45bn between the first quarter of 2022 and Q1 2023.
The total tax was raised from Value Added Tax and...
FG Suspends Telecoms Tariff Hike, Excise Duty
President Muhammadu Buhari has approved the suspension of the proposed excise duty on telecommunications indefinitely and constituted a committee to look into the matter.
The suspended scheme could have seen an added tax to the tariff for telecom network subscribers...
We Didn't Budget N2.8bn For Uniforms - FIRS
The Federal Inland Revenue Service (FIRS) has denied budgeting N2.8 billion for uniforms and N550m for meals in the 2021 Appropriation Budget.
A statement by the Executive Chairman of FIRS, Muhammad Nami, said a publication by a national...
VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States
The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal against a Federal High Court verdict which barred it from collecting the Value...
FIRS, States And Matters Arising, by Abubakar Yusuf
Since the introduction of Value Added Tax (VAT) collectible by Federal Inland Revenue Service (FIRS) in Nigeria for many years,the proceeds is often distributed among the three tiers of government ranging from the Federal 36, States ,as...
FIRS Insists On VAT Collection, Warns Taxpayers Against Default
The Federal Inland Revenue Service (FIRS) has directed taxpayers in the country to continue to pay their Value Added Tax (VAT) to it or risk penalties for failing to do so.
The FIRS said it decided to...
