Audit Queries: Reps Summon CBN, FIRS, NNPC Bosses, Others   The House of Representatives has summoned the Governor of the Central Bank of Nigeria, Godwin Emefiele, the Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari; and the Comptroller-General of Nigeria Customs Service, Hameed...

Stamp Duty: NIPOST Tackles FIRS, Moves For Finance Act Amendment     The Nigerian Postal Service has sent a request for an amendment to the Finance Act 2019 to the National Assembly as it seeks to be empowered to earn revenue from the collection of stamp duty. It...

FIRS Sets June 30 To Resume Field Audit, Investigation Exercises     The Federal Inland Revenue Services (FIRS) has said it will resume audit, investigations and monitoring exercises earlier suspended as part of measures to cushion the effects of Covid-19 pandemic on the 30th June 2020. In a...

NIPOST Tackles FIRS Over Stamp Duty Collection   The Nigerian Postal Service has again tackled the Federal Inland Revenue Service over who has the exclusive right to Stamp Duty collection. Both agencies have been laying claims to Stamp Duty collection since 2019. FIRS gets nod to collect...

FG To Charge N50 Stamp Duty On E-receipts, Notifications   The Federal Inland Revenue Service will henceforth charge Nigerians N50 stamp duties on all forms of electronic notifications. These includes SMS and messages on any electronic platform such as emails and WhatsApp messages. This was contained in...

Revolutionising Tax For Nigeria’s Sustainable Growth     The Federal Inland Revenue Service (FIRS), is currently implementing small businesses-friendly tax policy that temporary exempts operators with annual turnover of N25 million and below from charging Valued Added Tax (VAT), while deploying technology to ensure continued quality service...