FIRS Gets Approval To Collect Stamp Duty   The Federal Government has announced that the Federal Inland Revenue Service (FIRS) will automatically become an agency to collect the N50 Stamp Duty following the passage of the 2019 Finance Bill by the National Assembly which contains an...

FIRS Denies Auditor-general’s Claims Over N210bn Illegal Deductions   The Federal Inland Revenue Service on Thursday denied claims made by the Office of the Auditor-General for the Federation that FIRS illegally deducted and failed to remit N210bn into the Federation Account. Speaking on the sidelines of the...

NNPC, DPR, FIRS Illegally Deducted N1.5trn From Generated Revenue, Says Auditor-General   Out of the N6.4tn generated by revenue collection agencies in 2017, about N1.5tn was deducted and not remitted into the federation account in violation of the provisions of the Constitution. The Office of the Auditor-General...

CBN, FIRS To Verify Financial Documents Of 8 Discos   In line with its ongoing scrutiny of the operations of electricity distributions companies (Discos), the Nigerian Electricity Regulatory Commission (NERC) has disclosed that the Central Bank of Nigeria (CBN) and the Federal Inland Revenue Services (FIRS)...

Non-oil Will Fetch 80% Of Nigeria’s Revenue - Fowler   The Executive Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, has said that Nigeria will earn at least 80 per cent of its revenues from the non-oil sector in the next three years. According to a statement...

FIRS, First Bank Seek Out Of Court Settlement In N25bn Damages Suit   FIRS Executive Chairman, Babatunde Fowler Federal Inland Revenue Service (FIRS) and First Bank Plc have opted for out of court settlement in a N25 billion damages suit filed against them by an indigenous...