The Corporate Affairs Commission (CAC) and Federal Inland Revenue Service (FIRS) have agreed to reinvigorate their existing collaboration towards fulfilling their statutory roles. The two agencies indicated this laudable plan on Wednesday during a visit by the CAC Registrar General/CEO, Hussaini Ishaq Magaji, to the FIRS Executive Chairman, Mr. Zacch Adedeji, at Revenue House in […]
The Federal Inland Revenue Service (FIRS) at the weekend stated that it had granted taxpayers full waiver on accumulated penalties and interests for outstanding tax liabilities, thereby giving succor to the affected enterprises amid recent policy-induced fiscal whirlwinds across the economy. The Chairman of the revenue agency, Dr. Zacch Adedeji, made the disclosure in a […]
The chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has charged foreign shipping companies lifting crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge at a workshop on taxation of non-resident shipping companies organised by the federal revenue agency in conjunction […]
The Senate on Tuesday confirmed the nomination of Dr. Zacch Adedeji as the Chairman of the Federal Inland Revenue Service (FIRS). Adedeji, who appeared at the upper chamber for screening elaborately spoke on his plans to improve the nation’s revenue, referring to the dearth of information in the oil and gas sector. While lamenting the […]
The Acting Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has allayed business owners’ fears about the moves by the federal revenue agency to increase the country’s tax-to-GDP ratio to 18% from 10.86%, saying attaining the target will not necessarily involving raising tax rates. Adedeji, who restated the President Bola Tinubu-led administration’s […]
…..says NNPCL remits no money to Federation Account ……..NNPCL’s Mgt debunks allegation The Revenue Mobilisation Allocation And Fiscal Commission (RMAFC) has disclosed that the total sum of N5,244,037,636,561.60 accrued into the Federation Account in the first half of this year based on figures from the monthly reports of the Federation Account Allocation Committee (FAAC) […]
The Federal Government has disclosed that it recovered about N57 billion from the N5.2 trillion debt owed by 10 Ministries, Departments and Agencies (MDAs) under the Project Light House Programme with the adoption of the Debt Analytics and Reporting Application tools. The disclosure was made by Director, Special Projects of the Federal Ministry of Finance, […]
….As revenue service generates N8.5trn in 9 months The newly appointed Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch, Adedeji, has restated the determination of the President Bola Tinubu-led administration to exponentially shore up Nigeria’s revenue generation to minimize borrowing and improve the nation’s fiscal system for the country’s sustainable […]
……Develops Revenue Computation, Allocation Software The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) at the weekend said it recovered N319 billion unremitted revenues from Ministries, Departments, and Agencies (MDAs) over the last two years. The Chairman of the commission, Mohammed Shehu, who gave this hint during a media chat in a media on Saturday, explained […]
The outgoing Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammed Nami, has projected that the service will achieve a new revenue collection record of at least N13 trillion by the end of this year in view of its ongoing drives. If the projected target is met, it would imply that the federal revenue […]