President Muhammadu Buhari has restated his administration’s commitment to an efficient tax administration in order to improve tax revenue and guarantee sustainable growth of the country in the years ahead. The President, who made this promise while declaring open the second National Tax Dialogue Week, with the theme, ‘Tax Harmonisation for Enhanced Revenue Generation,’ at […]
The Anambra State Government has announced the commencement of the enforcement of payment of all outstanding tax liabilities by businesses and individuals in the state with effect from April 1. According to data computed by the Anambra State Internal Revenue Service (AIRS) the outstanding tax arrears stood at N513.9 billion owed by about 2.1 million […]
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has threatened to shut down telecommunications facilities in Kogi State following disputes arising from alleged excessive taxation and levies by the Kogi State Internal Revenue Service (KIRS). A statement issued by both the group’s Chairman, Engr. Gbenga Adebayo, and Head, Operations, Gbolahan Awonuga, warned that the […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that revenue mobilization of Nigeria and Niger Republic can be improved if the revenue authorities of both countries work together to deepen their relationship, share tax information and engage in mutual administrative assistance. Nami made this remark when he received his […]
The Federation Accounts Allocation Committee (FAAC) on Tuesday disclosed that it shared a total sum of N590.546 billion to the three tiers of government as federation account allocation for the month of February, 2022. A statement by the Deputy Director, Ministry of Finance, Budget and National Planning, Mr. Tunde Oshundun, on behalf of the Director […]
MultiChoice Nigeria and the Federal Inland Revenue Service (FIRS) have agreed to settle the pending dispute over the company’s tax liability outside court. Part of the agreements reached requires the company to withdraw all pending lawsuits, while FIRS will now conduct a forensic system of the company’s accounts. A statement jointly signed by the parties […]
The Federal Inland Revenue Service (FIRS) on Tuesday announced a one-month grace with effect from the 1st of March, 2022, to 31st March, 2022 to taxpayers with outstanding foreign currency tax liabilities to settle the liabilities in Naira. The tax agency stated the grace period in a Public Notice signed by its Executive Chairman, Muhammad […]
The House of Representatives lawmakers have rejected proposal to move the collection of the Value Added Tax (VAT) to the Exclusive Legislative List during their ongoing deliberations on the amendments of the 1999 Constitution. In the vote for or against the proposal on Tuesday, majority of the Green Chamber’s lawmakers were against the addition of […]
The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with taxpayers and key stakeholders to ensure adequate funding of the country’s budget and raise the requisite financing for national development. The Executive Chairman of the FIRS, Muhammad Nami, was quoted in a statement […]
The Federal Inland Revenue Service (FIRS) has introduced “Self-Service Stations” in its offices nationwide to increase voluntary tax compliance of taxpayers. The stations avail taxpayers opportunities to file tax returns, pay taxes, apply for and validate Tax Clearance Certificates by themselves on online platforms located in FIRS tax offices, among other services. The tax agency’s […]