FIRS Generated N21.6trn Revenue in 2024, Targets 25trn – Adedeji   The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji has announced that the service generated a total of N21.6 trillion in revenue for the 2024 fiscal year, surpassing its initial target...

Tax Reform Bill to End Taxation of Poor Nigerians, Says FIRS The Federal Inland Revenue Service (FIRS) has stated that the proposed tax reform bill was introduced to standardise Nigeria’s tax collection and end the taxing of poor Nigerians. Speaking during a stakeholder’s engagement to strategise...

NCS, FIRS, NUPRC Spend N924.7bn on Revenue Collection in 11 months The cost of revenue collection by Nigeria’s key agencies – the Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Nigerian Upstream Petroleum Regulatory Commission (NUPRC) – continued to rise despite improved technology...

Tax Reform Bills: The North Must  Modernise Anyhow By Abdullahi Ismaila Ahmad The tax reform bills recently sent to the National Assembly by President Bola Ahmed Tinubu, GCFR, have generated controversies over the past weeks. Many commentators have expressed their views in support of the bills...

Tinubu’s Reform: How States Can Generate Fat VAT?  By Nasir Abdulquadri *NOTE: FAT-VAT means huge remittance from VAT* My coined compound word though. Value-Added Tax (VAT) is a consumption tax levied on the value added to goods and services at each stage of production and distribution. As...

My Perspective VAT Attribution and Derivation: A Personal Appeal to All Parties By Muhammad Nami I have read a ton of views on the proposed Nigeria Tax Administration and other tax reform bills. On one hand, some stakeholders decry the bills as being a contrast to...