Finance Minister, NNPCL Review Crude Oil Sales Policy The Technical Sub-Committee on the Naira-for-Crude Policy met on Thursday at the Ministry of Finance Headquarters in Abuja to assess developments and reaffirm commitments to the policy framework, a senior government official said. The source, who spoke on...

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...

We Don't Need New Taxes, We Need New Tax Payers - FIRS Boss The Federal Inland Revenue Service (FIRS) Chairman, Dr Zacch Adedeji, has reassured Nigerians that the proposed tax reform laws are not aimed at creating new taxes but increasing the number of eligible...

Why We Must Address Inherent Injustice in Present VAT Regime - FIRS Boss   The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has described the allocation of 70% of value-added tax (VAT) proceeds to Lagos, Rivers, and the Federal Capital Territory (FCT)...

Current Withholding Tax Regime Valid till December – FIRS The Federal Inland Revenue Service (FIRS) has said that the current Withholding Tax regime will remain effective until December 31, 2024. This is according to a public notice informing taxpayers, tax practitioners, and the general public about...

FIRS Partners ACCI to Boost Tax Compliance   The Federal Inland Revenue Service (FIRS) has strengthened its commitment to enhancing tax compliance among Nigerian businesses through a strategic partnership with the Abuja Chamber of Commerce and Industry (ACCI). This collaboration was highlighted during the opening ceremony of...