The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has advised governments at all tiers, particularly at the state level, to ensure that citizens paying their taxes and fulfilling other fiscal obligations enjoy value for the taxes they pay. Nami, who gave the charge, in his goodwill message to the Nigeria Governors’ […]
A member of the Lagos State House of Assembly, Hon. Setonji David, on Monday reiterated the state government’s determination to the implement the just signed Value Added Tax (VAT) Law in the state, despite last Friday’s Court of Appeal ruling for a stay of execution of a lower court order on the matter. The lawmaker […]
The Court of Appeal sitting in Abuja on Friday granted the prayers of the Federal Inland Service (FIRS) over an earlier ruling by Federal High Court sitting in Port Harcourt on states’ powers to collect Value Added Tax (VAT) and ordered both Rivers and Lagos States to maintain status quo antebellum in favour of the […]
The Federal Inland Revenue Service (FIRS) has urged taxpayers in the country not to be perturbed by the Federal High Court sitting in Port Harcourt ruling which dismissed its motion for stay of execution of the judgment that Rivers State can collect Value Added Tax (VAT) from its residents. The federal revenue agency stated that […]
Leading civil society organisations (CSOs) in the country have expressed divergent views on current moves by the Federal Inland Revenue Service (FIRS) to legalize collection of taxes on online businesses and social media organisations. Already, the revenue agency is seeking the consent of the National Assembly for further amendment of the just enacted 2021 Finance […]
Following the Federal High Court sitting in Port Harcourt judgment rejecting Federal Inland Revenue Service’s (FIRS’) Motion on Notice for stay of execution on an earlier judgment validating the constitutional rights on states to collect Value Added Tax (VAT), states across the country have begun consultations on the next steps to take on VAT collection […]
Barely 24 hours after Tax Appeal Tribunal (TAT) Lagos directed it to pay N900 billion (about $2.2 billion) which is 50 percent of a disputed N1.8 trillion ($4.38 billion) outstanding tax liabilities to the Federal Government relating to its previous years’ operations, MultiChoice Nigeria Limited has countered the order. The company, which is a division […]
The Tax Appeal Tribunal (TAT) sitting in Lagos has ordered Multichoice Nigeria Limited, DSTV and other TV entertainment services provider, to pay N900 billion tax arrears being the 50 percent of the company’s N1.8 trillion the tax arrears as demanded by the Federal Inland Revenue Service (FIRS) based on its forensic audit on the entity’s […]
The Federal Inland Revenue Service(FIRS) has told Nigerian taxpayers to continue to pay their Value Added Tax (VAT) to it to avoid facing sanctions for failing to comply with its directive. The federal tax agency stated that the directive became imperative as taxpayers continue to seek clarification on the receiving tax authority following the recent […]
The Federal Inland Revenue Service (FIRS) has filed an appeal against a recent judgment of the Federal High Court in Port Harcourt, Rivers State, which granted the state the right to collect the Value Added Tax (VAT) and Personal Income Tax (PIT). The federal revenue agency had indicated its intention to file an appeal on […]