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 […]
The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100% automation of all its tax administration processes with the aim of blocking revenue leakages thereby revolutionizing revenue generation in Nigeria. Calling for the cooperation of Nigerians to achieve this, the Executive Chairman of the FIRS, Muhammad Nami, while speaking as the Special […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami , on Monday said that the 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian. Nami was quoted by his Special Assistant (Media & Communication), Johannes Oluwatobi Wojuola, in a statement as making this […]
The Executive Chairman of Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, on Monday advocated the need for aggregation of all revenues generated at national and sub-national levels for the purposes of ensuring accurate computation of Nigeria’s tax-to-GDP ratio and using the figures for planning and development. The FIRS boss, made the call in his […]
The Federal Inland Revenue Service (FIRS) has explained why Nigeria did not sign the Organisation for Economic Cooperation and Development (OECD) G20 Inclusive Framework two-pillar solution to tax challenges of the digitalized economy. The OECD G20 Inclusive Framework two-pillar solution proposes a framework of rules aimed at tackling base erosion and profit shifting, and providing for […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, was on Friday elected by the 47 member countries of the Commonwealth Association of Tax Administrators (CATA) as the association’s 15th President for a three-year tenure. A renowned tax administrator, the newly elected President of CATA brings in decades of experience in taxation […]
The Federal Inland Revenue Service (FIRS) has proposed the introduction of Road Infrastructure Tax in Nigeria as a fiscal option of encouraging the informal sector contribute to current drive to enhance the quality of the nation’s road networks sustainably. Executive Chairman of FIRS, Mr. Muhammad Nami, was quoted by his Special Assistant, Media and Communications, […]
The Federal Inland Revenue Service (FIRS) has described The Punch newspaper’s report on its approved budgetary provisions for uniforms and meals for the 2022 fiscal year as totally ill-informed and baseless and advised the public to ignore in its entirety the newspaper’s ‘misleading’ report.. The federal revenue agency in a statement issued by the Special […]