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Public Service Award Morale Booster For FIRS – Nami

The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has said that the Public Service Person of the Year 2022 award conferred on him by Leadership Newspaper is a morale booster for the revenue agency to do more in furtherance of the fulfillment of its mandate. Nami made this remark during a chat […]

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FIRS Grants Taxpayers Waiver On Outstanding Interests, Tax Penalties

The Federal Inland Revenue Service (FIRS) has approved a one-off waiver of all outstanding interests and penalties imposed by TaxPro Max on liabilities emanating from monitoring, desk review, tax audit, and tax investigation exercises until the end of this year In a statement signed by its Executive Chairman, Muhammad Nami, the Service advised taxpayers to take advantage […]

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FIRS Appoints MTN, Airtel, DMBs To Withhold VAT Charges

The Federal Inland Revenue Service (FIRS) has appointed MTN, Airtel and deposit money banks (DMBs)  in the country to withhold Value Added Tax (VAT) charged on all taxable supplies made to them and subsequently remit the VAT to it. This was conveyed in a Public Notice issued by the revenue service on November 1, signed […]

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FIRS Chairman Tasks African Leaders On Value For Taxpayers’ Money

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has charged African governments to begin to rethink governance, engender public confidence and trust in government by providing value for taxpayers’ money in line with their obligations under their social contract with citizens. The seasoned tax administrator, who made this call made in […]

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FIRS Begins Direct Tax Collection From Online Gaming Operators

The Federal Inland Revenue Service (FIRS) has commenced the deduction of taxes at transaction points from Online Gaming companies using the Sentinal National Payment Gateway and Electronic Solution. In a Public Notice signed by its Executive Chairman, Muhammad Nami, the Service, while directing full compliance by the online gaming community, stated that the Sentinal National Payment Gateway, […]

Budgeting Latest News Planning & Economic Development Political Economy Revenue Revenue Agencies Taxation

FIRS Warns MDAs On Illegal Tax Assessment, Collection, Enforcement Contracts

The Federal Inland Revenue Service (FIRS) has cautioned government’s ministries, departments and agencies (MDAs) against appointing consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies in view of its statutory role as the sole agency empowered to administer such taxes in the country. In a Public Notice issued […]

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Road Infrastructure Tax Credit Scheme, Fiscal Innovation Of FG – Nami

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has described the Road Infrastructure Tax Credit Scheme as one of the greatest innovations of the Federal Government to tackle Nigeria’s infrastructure deficit. The scheme, which provides for public-private partnership intervention in the construction, refurbishment and maintenance of critical road infrastructure in the […]

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FIRS Issues Road Infrastructure Tax Credit Certificate To NLNG

The Federal Inland Revenue Service (FIRS) has issued a tax credit certificate to Nigeria Liquefied Natural Gas Limited (NLNG), for the construction of the Bonny-Bodo road and bridge in Rivers State. While issuing the tax credit certificate last Thursday at the FIRS’ headquarters in Abuja to the company’s Deputy Managing Director, Mr. Olalekan Ogunleye, who […]

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Tax Returns: FIRS Extends Filing Deadline For Firms

The Federal Inland Revenue Service (FIRS) on Monday announced that the  30th June 2022 due date for filing of Companies Income Tax (CIT) returns for the 2022 Year of Assessment, had been extended to 31st August 2022, for companies who were unable to meet the deadline. The Service stated this in a statement signed by […]

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FIRS, MultiChoice To Settle Tax Dispute Out Of Court

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 […]