E-invoicing to Boost tax-to-GDP Ratio, Curb Revenue Loss - FIRS The Federal Inland Revenue Service (FIRS) has stated that the implementation of the electronic-invoicing (e-invoicing) system will boost Nigeria’s tax-to-GDP ratio by improving tax compliance, enhancing transparency and curbing revenue losses. The e-invoicing, according to the...

The Federal Inland Revenue Service (FIRS), yesterday said it was determined to drive Nigeria’s tax-to-Gross Domestic Product (GDP) ratio.

Revenue as Nigeria’s New ‘Crude Oil By Dare Adekanmbi •Why President Tinubu Deserves Commendation Prior to Nigeria’s independence in 1960, agriculture was the mainstay of its economy, even as reflected in the economic activities of the regions there were in the country at that time. Famous stories...

FG Predicts Economic Uplift as Tax Bills Take Effect   Experts in law and finance, including high-ranking government officials, emphasize the crucial role that law plays in driving economic growth and prosperity in Nigeria. This is just as the federal government reiterated that the tax reform bills...

FIRS Generated N21.6trn Revenue in 2024, Targets 25trn – Adedeji   The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji has announced that the service generated a total of N21.6 trillion in revenue for the 2024 fiscal year, surpassing its initial target...

Tax Reform Bill to End Taxation of Poor Nigerians, Says FIRS The Federal Inland Revenue Service (FIRS) has stated that the proposed tax reform bill was introduced to standardise Nigeria’s tax collection and end the taxing of poor Nigerians. Speaking during a stakeholder’s engagement to strategise...