Taxes Contributed N500bn To Revenue In June – FIRS     The Federal Inland Revenue Service (FIRS) has said tax revenues contributed at least N500bn to the N696 billion revenue that the three tiers of government shared in June 2020. The Executive Chairman, FIRS, Mr. Muhammad Nami, who...

NIPOST, FIRS War Escalates Over Stamp Duty Collection     The imbroglio between Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Services (FIRS) over jurisdiction in respect of stamp duty collection worsened on Tuesday. Director Communication and Liaison FIRS, Abdullahi Ismaila Ahmad, in a statement vowed the...

Senate Okays N168.8bn Budget For FIRS   The Senate, on Wednesday, approved N168.8 billion budget for the Federal Inland Revenue Service (FIRS) for the 2020 fiscal year. The upper chamber also approved a one-off N100bn special-purpose intervention fund for the agency’s key capital projects. Specifically, the fund is...

FIRS Extends Tax Debt Payments Deadline To August 31     The Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30 to August 31, 2020. Its Executive Chairman,...

Lawmakers Approve N168.809bn Budget For FIRS     The House of Representatives has approved the sum of N168.809 billion for the Federal Inland Revenue Service for the 2020 fiscal year. This followed the receipt and adoption of a report by the House Committee on Finance during plenary on...

Senate To Intervene In FIRS, NIPOST Stamp Duty Dispute     The Senate says it will soon schedule a meeting with all relevant stakeholders to resolve the ongoing stamp duty controversy between the Nigerian Postal Service and the Federal Inland Revenue Service. The Chairman Senate Committee on Finance,...