The Nigeria Extractive Industries Transparency Initiative (NEITI) on Thursday reported that four revenue agencies, namely the Nigeria National Petroleum Company Limited, Federal Inland Revenue Service, Department of Petroleum Resources and Ministry of Mines and Steel Development, generated N28.02 trillion into the Federation Account from 2017 and 2019. The agency made this disclosure in its just […]
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 Federal Inland Revenue Service has sealed 19 companies over alleged failure to fulfil their fiscal obligations as required by law. In some of the enforcement operations carried out by officials of the revenue authorities in some major cities across the country, the affected defaulting companies’ operations were disrupted and ultimately stopped as their managements […]