The Federal Inland Revenue Service (FIRS) has issued Dangote Cement Plc tax credit certificates valued at N22.321billion. The tax credit certificates are for the construction of Apapa-Oworonshoki-Ojota road in Lagos and the Lokoja-Obajana-Kabba road straddling Kogi and Kwata states. While Julius Berger is handling the construction of these two federal roads, Dangote Cement Plc is […]
The Federal Inland Revenue Service (FIRS) has threatened to sanction five companies for failure to file annual tax returns as and when due. The Service in a statement listed the allegedly erring companies as Blackbit Limited, Pay Day Lotteries Limited, Raytan Limited, New Gate Logistics Limited and Give N Take Lottery Limited. It stated: “The […]
The Chairman of Federal Inland Revenue Service (FIRS), Mallam Mohammed Nami, has projected that that the agency’s total revenue collection in the 2021 fiscal year would hit N5.900 trillion, representing a 16.22 percent increase over last year’s budget target of N5.076 trillion. Nami , while defending the 2021 budget of the agency before the Senate […]
President Muhammadu Buhari on Thursday directed ministries, departments, agencies (MDAs) and businesses to grant access to the Federal Inland Revenue Service (FIRS) to their systems for the purposes of tax collection nationwide. President Buhari issued the mandate on Thursday while delivering his address as the Special Guest of Honour at the First Annual National Tax […]
….Says Newly Created Audit Units Will Curb Illicit Financial Outflows The Federal Inland Revenue Service (FIRS) on Monday disclosed that Nigeria lost $178 billion (about N5.4 trillion) to tax evasion by multi-nationals in 10 years. To curb such abuses within the fiscal system, the Executive Chairman of the Service, Mr Muhammad Nami, said the Service […]
The Federal Inland Revenue Service (FIRS) has reported the sum of N4,178 trillion as its total revenue generated from January to the end of October 2020, representing 99 percent of its N4.23 trillion set target for the period. The Executive Chairman of the Service, Muhammad Nami, who made this disclosure in his goodwill message delivered […]
Barely few hours after apologizing to Nigerians on its Thursday’s directive requiring all account holders in financial institutions to complete a new ‘self-certification’ form, the Federal Government today said that the Notice was not meant for all financial institution persons and assured that the Federal Inland Revenue Service (FIRS) would make further clarifications on the […]
Apparently encouraged by the boost non-oil tax sources have been giving its revenue accruals in recent months and the need to consolidate on collections from the sources, the Federal Government has directed all bank, insurance and other financial institutions customers in the country to immediately fill Self-Certification Forms with their banks or face sanctions. The […]
The Federal Inland Revenue Service (FIRS) on Thursday stated that non-oil tax receipts had consistently contributed 75% to 90% of total tax collections over the past few months. The FIRS Director, Communications and Liaison Department, Dr. Abdullahi Ahmad, quoted the Executive Chairman of the service, Mallam Muhammad Nami, as disclosing this during a courtesy call […]