The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has said that signing the Organization for Economic Cooperation and Development (OECD)/ G20 Inclusive Framework two-pillar solution to the taxation of the digital economy will not be in Nigeria’s best interest. Nami, in a statement issued by his Special Assistant to the Executive […]
The Vice President, Prof. Yemi Osinbajo, has urged the Chartered Institute of Taxation of Nigeria (CITN) and other relevant bodies to support the ongoing Federal Inland Revenue Service’s (FIRS’) drive towards full digitalization of tax administrative processes. Osinbajo, who gave the charge in his speech at the professional body’s 24th Annual Tax Conference held in […]
The Federal Inland Revenue Service (FIRS) has commended Nigeria’s top-performing taxpayers in the year 2021 them for fulfilling their fiscal obligations and thereby assisted government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic. The revenue agency, in a statement signed by its Executive Chairman, […]
The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have strengthened their collaboration by setting up a joint committee of senior and management staff of the two agencies towards the implementation of inter-agency strategies for enhancing national revenues in the telecommunications sector. The NCC’s Executive Commissioner, Stakeholder Management, Adeleke Adewolu, inaugurated the […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has urged politicians to treat tax revenue generation as an apolitical issue and called for all hands to be on deck to support the nation’s tax system and make it more efficiently functional. Nami made this appeal on Tuesday in his opening remarks […]
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 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 […]
The Federal Inland Revenue Service (FIRS) on Thursday disclosed that it achieved over a hundred percent of its collection target for the year 2021 despite the global economic challenges occasioned by the Coronavirus pandemic, as well as the 2020 disruption of business activities by nationwide protests. The Special Assistant Media & Communication to the Executive […]