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FIRS, Firm Partner To Simplify Tax Remittances

FIRS, Firm Partner To Simplify Tax Remittances       No further simplify tax remittances, SystemSpecs has collaborated with the Federal Inland Revenue Service (FIRS). This deal is also aimed at strengthening tax administration through its Remita Payment Gateway, which powers payments on TaxPro-Max, a new solution for filing...

FIRS Generates More Revenue With Adoption Of Technology, Says Nami

FIRS Generates More Revenue With Adoption Of Technology, Says Nami       The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that the adoption of technology in tax collection is attracting more income to the service through its TaxProMax. Nami in a statement yesterday by...

Tax defaulters to pay 50% of disputed amount into court account before hearing

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...

We Don’t Grant Tax Waivers to local, foreign investors”-Nami

We Don't Grant Tax Waivers to  local, foreign investors"-Nami The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has disclosed that the Service did not grant any tax waivers to any local or foreign investors in the country as the FIRS Act did not...

Senate Passes Bill To Bar NIPOST From Tax Collection

Senate Passes Bill To Bar NIPOST From Tax Collection       The Senate on Tuesday passed a bill to effectively restrict Nigerian Postal Service (NIPOST) to only postal operations in the country. The Nigerian Postal Service (Repeal and Re-enactment) Bill, 2021, also unbundled the agency by creating a...

CITN Harps On Taxation As Policy Instrument For Economic Stability

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...