For Nigeria to attain optimum tax revenue collection capacity at all levels of government, tax authorities in the country must make hard but necessary reforms that would yield long term benefits, the Executive Chairman of the Joint Tax Board (JTB), Mr. Muhammad Nami, has said. Nami, who is also the Executive Chairman of the Federal […]
The Federal Inland Revenue Service (FIRS) on Tuesday stated that companies that were unable to file their Companies Income Tax (CIT) returns for the 2023 year of assessment (Y-o-A) that fell due on the 30th of June 2023 have been given up to 31st August, 2023 to submit their returns. The Service, in a Public […]
The Federal Inland Revenue Service (FIRS) has partnered the Market Traders Association of Nigeria (MATAN) to ensure improved Value Added Tax (VAT) collection and remittance, especially in the informal sector, to it from markets across the country,. The association, which membership is drawn from over 40 million traders across the 774 local government councils, is […]
…..also emerges BusinessDay’s Public Service Award 2022 winner The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, at the weekend was named the winner of the Institute of Chartered Accountants of Nigeria’s (ICAN’s) Merit Award 2023 in the Non-Members Category at the Institute’s 2023 Annual Dinner Awards held in Lagos. The […]
….as FIRS, LIRS sign MoU on joint tax audit, investigation Lagos State Governor, Mr. Babajide Sanwo-Olu, has stressed the need for all revenue agencies in the country to work together by widening the tax net to raise the country’s tax to GDP ratio. The governor gave this charge on Monday during the […]
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 Federal Inland Revenue Service (FIRS) has advised members of the public to be vigilant and avoid dealing with scammers, who pose as recruitment agents for it. The Special Assistant on Media and Communication to the FIRS’ Executive Chairman, Mr. Johannes Wojuola, in a statement issued on Monday recalled that the revenue agency had consistently […]
Following the lapsing of the amnesty provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) set up by the Federal Government of Nigeria through the Federal Ministry of Finance, the Joint Tax Board (JTB) in collaboration with the Federal Inland Revenue Service (FIRS), have indicated their readiness to immediately commence a “full scale enforcement […]
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 […]