The representatives of the Organisation for Economic Co-operation and Development (OECD) and the Federal Inland Revenue Service (FIRS), have re-opened discussions on how the OECD-initiated Two-Pillar Tax Solution (Global Minimum Tax Rules) could be implemented without causing loss to Nigeria. The discussions formed part of the key agenda of the two-day workshop held on 4th […]
Nigeria has renewed its call on the United Nations (UN) and the international tax community to promote inclusive, equitable, fair and universally beneficial international tax system towards the attainment of the 2030 Sustainable Development Goals (SDGs). The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, gave this charge while delivering Nigeria’s […]
The President of the Commonwealth Association of Tax Administrators (CATA), Mr. Muhammad Nami, has advised tax administrators to update their knowledge onthe dynamics being triggered by disruptive new technologies of the 21st century, and arm themselves with the necessary skills, capacity and character for effective and efficient tax administration in the fourth industrial revolution age. […]
Nigeria’s Federal Inland Revenue Service (FIRS) and the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) have signed a Memorandum of Understanding (MoU) for the purposes of improved collaboration on capacity building for their manpower resource. Speaking during the MoU signing event in London, the Executive Chairman of the FIRS, Mr. Muhammad Nami, explained […]
The National Bureau of Statistics (NBS) on Wednesday reported that on the aggregate, Nigeria’s Company Income Tax (CIT) collections for Q4 2022 totalled N753.88 billion, representing N56.31 billion decline from the N810.19 billion collections in the preceding quarter. The NBS, in its just published ‘Company Income Tax Q4 2022’ report disclosed that out of the […]
The National Bureau of Statistics (NBS) has reported that on the aggregate, Nigeria’s Value Added Tax (VAT) collections for Q4 2022 increased to N697.38 billion, representing a growth rate of 11.51% on a quarter-on-quarter basis from N625.39 billion in Q3 2022. The statistics agency, in its just published report titled ‘Value Added Tax (VAT) Q4 […]
The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has said that the Public Service Person of the Year 2022 award conferred on him by Leadership Newspaper is a morale booster for the revenue agency to do more in furtherance of the fulfillment of its mandate. Nami made this remark during a chat […]
The Federal Inland Revenue Service (FIRS) reported on Monday that it collected over N10 trillion in tax revenue in fiscal year 2022, represented the highest tax collection ever recorded in its history. The Service made this known in its “FIRS 2022 Performance Update,” report signed by its Executive Chairman, Mr. Muhammad Nami, and released to […]
The Federal Inland Revenue Service (FIRS) has announced that taxpayers can now get their Tax Clearance Certificate in a single click via its flagship Taxpro Max solution. The TaxPro Max, a tax administration solution introduced by the apex tax authority in June 2021 is a one-stop-shop for taxpayer registration, tax returns filing, tax payment, tax […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, board members, management and staff of the Service on Thursday extolled two members of the management team for receiving global awards in tax and technology. The winners are the FIRS’ Group Lead Special Tax Operations Group, Mr. Mathew Olusanya Gbonjubola, is listed among […]