The Federal Inland Revenue Service (FIRS), the agency responsible for federally collectible revenue administration, has said that when governments deploy tax revenues for the common good of the citizens, there is a concomitant increase in tax compliance by citizens who see the direct benefit of the taxes they pay. The Executive Chairman of the Service, […]
Lagos State Waste Management Authority (LAWMA) has increased the tariff charges for waste disposal by 100% in the state, attributing the hike to increase in diesel price and devaluation of the Nigerian currency. The latest hike in waste disposal was conveyed in letters sent to residents of the states on Monday by the third-party company […]
The Federal Inland Revenue Service (FIRS) has cautioned government’s ministries, departments and agencies (MDAs) against appointing consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies in view of its statutory role as the sole agency empowered to administer such taxes in the country. In a Public Notice issued […]
The Debt Management Office (DMO) has put the total indebtedness of the 36 states of the federation at N5.281 trillion at the end of the second quarter this year with Lagos State topping the chart with N797.304 billion. The latest statistics released by the Office on the subnational governments’ debt stock showed that Delta, Ogun […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has said that the mandate of the revenue agency is not to grant tax waivers to taxpayers in the country but to collect taxes that are due to the federation and the Federal Government as provided in its enabling law. The seasoned […]
… orders firm to submit audited financial statement The Competition and Consumer Protection (CCPC) Tribunal sitting in Abuja on Tuesday refused to grant the prayers of a complainant over the recent hike of pay TV subscription rates by MultiChoice, the operator of DStv and Gotv, in the country. The three-member tribunal, headed by Mr […]
The Federal Government on Monday announced the suspension of its proposed 5% excise duty on telecommunication services with effect from the 2023 fiscal year. The Minister of Communications and Digital Economy, Prof Isa Pantami, announced the suspension in Abuja during the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector, […]
The Federal Inland Revenue Service (FIRS) has issued a tax credit certificate to Nigeria Liquefied Natural Gas Limited (NLNG), for the construction of the Bonny-Bodo road and bridge in Rivers State. While issuing the tax credit certificate last Thursday at the FIRS’ headquarters in Abuja to the company’s Deputy Managing Director, Mr. Olalekan Ogunleye, who […]
The Chairman of Ondo State Internal Revenue Service (ODIRS), Mr. Tolu Adegbite, has described taxation as a key fiscal instrument needed for stimulating sustainable development of Nigeria and other countries globally. Adegbite, who made this remark in his lecture titled ‘Tax, The Future and You’, at a programme organized by Elizade University Tax Club (EUTC), […]
The Federal Inland Revenue Service (FIRS) has certified corporate entities’ donations to former Minister of Finance’s, Mrs. Kemi Adeosun’s charity organisation, DashMe Foundation, as tax deductible based on the provisions of the Companies Income Tax Act (CITA). As a result, the revenue agency has issued a tax-deductible donations certificate to DashMe Foundation. The FIRS issues […]