FIRS Targets N4trn Tax From Oil, Gas Companies   The Federal Inland Revenue Service (FIRS) expects to rake in N4 trillion as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. A statement from the agency said the Executive Chairman of...

FIRS Sets April 12 Deadline For Taxpayers To Get TIN   The Federal Inland Revenue Service (FIRS) has again said it is mandatory for all taxpayers and companies to register and obtain the Tax Identification Number (TIN) and display it on all documents supporting business transactions...

Tax Evasion: Lagos Tribunal Orders Firm To Pay FIRS N1.7bn   The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful an assessment in additional tax liability of N1.73bn issued to Prime Plastichem Nigeria Limited by the Federal Inland Revenue Service. The tribunal ruled that the N1.73bn...

FIRS To Defaulters: Pay Up Or Risk Being Sanctioned   The Federal Inland Revenue Service has warned those in default of taxes to pay up or risk being sanctioned in line with the provisions of the Finance Act 2019. The Executive Chairman, FIRS, Muhammad Nami, gave the...

FIRS Targets 17% Tax To GDP Ratio By 2023   The Federal Inland Revenue Service has said that it will raise Nigeria’s tax ratio to Gross Domestic Product ratio from the current six per cent to 17 per cent by 2023. The FIRS Executive Chairman, Muhammad Nami,...

FIRS Seeks Stakeholders’ Support On N8.5trn Revenue Target   The Federal Inland Revenue Service is seeking the support of stakeholders in achieving its 2020 revenue target of N8.5tn. The Executive Chairman, FIRS, Muhammad Nami, sought the support during a national tour of the six geo-political zones to...