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...

FIRS Generates N3.94trn in Q1 The Federal Inland Revenue Service (FIRS) has fallen short of its tax revenue target for the first quarter of 2024, generating N3.94 trillion as against N4.8 trillion. Zacch Adedeji, the chairman of FIRS made this known while hosting a delegation from...

Why FIRS Generated N12.3trillion in 2023 The Chief Executive, Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, said the organisation witnessed remarkable revenue due to dedication in nurturing and empowering its workforce, and ensuring they possessed the skills, knowledge and tools necessary to excel. Mr. Adedeji,...

Senate to FIRS: Suspend N17trn Tax Waivers   The Senate through its Committee on Finance on Monday frowned at the N17tn loss incurred by the country on tax waivers within the last five years. It consequently urged the Federal Inland Revenue Service (FIRS) to suspend the tax...