Nigerians To Pay VAT For Digital Services, Says Finance minister
Nigerians may have to pay more for digital services as the Federal Government has introduced a policy requiring foreign companies that provide digital services in the country to collect and remit Value Added Tax to...
Tax Credit: NNPC Hands Over N621bn Cheque For 21 Roads
The federal government has expressed optimism that the tax credit scheme given to taxable companies to build road infrastructures would help to salvage the deteriorating state of the road network in the country as the...
Finance Bill: RMAFC, FIRS Disagree Over Power To Collect, Monitor FG’s Revenue
The Chairman, Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) Ellias Mbam yesterday disagreed with the Chairman of the Federal Inland Revenue Service (FIRS), Dr Muhammad Nami over powers granted the latter to collect...
Reps Invite Adebayo, Malami, FIRS As Controversy Emerges Over Tax Holidays
The House of Representatives Committee on Public Accounts has invited the Ministry of Industry, Trade and Investments, Niyi Adebayo; Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN); and the Federal Inland...
Reps Panel Queries FIRS Over Payment of N45m On Five Guests In Five Days, N40m On Entertainment
The House of Representatives Public Accounts Committee , PAC, on Thursday queried the Federal Inland Revenue Service (FIRS) over the sum of N45.6 million spent for a five...
FIRS To Capture MDAs Revenue, Waivers As Taxes
The Federal Inland Revenue Service (FIRS) has disclosed that henceforth government revenue, tax waivers, import duty waivers among others will be captured as tax revenues to the Federation.
The FIRS said that this will improve Nigeria’s tax-to-GDP ratio...
