FIRS To Tax Profits From Bonds, Securities The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds and short-term government securities by companies which would now be categorised as income tax. This, it said, followed the expiration of...

FIRS Surpasses 2021 Target, Generates N6.4trn   The Federal Inland Revenue Service (FIRS) generates N6.405 trillion in 2021 despite the economic downturn experienced in the globe due to the coronavirus pandemic. The Executive Chairman of FIRS, Muhammad Nami, stated that the figure was over a hundred percent...

CATA and Nigeria's Chairmanship of Commonwealth Tax Body, by Johannes O. Wojuola   At about 11 am, on Friday, November 12, 2021, there was a buzz among tax aficionados: Muhammad Nami, the Federal Inland Revenue Service (FIRS) boss had been elected the President of the Commonwealth...

Finance Bill: RMAFC, FIRS Disagree Over Power To Collect, Monitor FG’s Revenue   The Chairman, Revenue Mobilization, Allocation and Fiscal Commission (RMAFC) Ellias Mbam yesterday disagreed with the Chairman of the Federal Inland Revenue Service (FIRS), Dr Muhammad Nami over powers granted the latter to collect...

Commonwealth Tax: CATA Elects FIRS Chairman, Muhammad Nami Its President Promises to tackle global challenges to taxation …   The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, a renowned tax administrator has been elected by the 47 member countries of the Commonwealth tax...

FIRS To Go After Tax Evaders In Aviation, Maritime Sectors     The Federal Inland Revenue Service (FIRS) has said it will soon commence a back-end tax audit on operators in the maritime and aviation industries to checkmate tax evasion. The Executive Chairman, Muhammad Nami, who made the...