The Federal Inland Revenue Service (FIRS) will commence nationwide value-added tax (VAT) and withholding tax (WHT) compliance monitoring exercise for all taxable persons from July 1, according to the Chairman Muhammad Nami. Withholding Tax (WHT) is a method...
The Federal Inland Revenue Service (FIRS) says it will begin the process of enforcement and recovery of unremitted tax deductions owed by some states and local governments. The FIRS, in a statement on Wednesday, said it...
The Federal Inland Revenue Service (FIRS) has listed the Nigeria National Petroleum Company (NNPC) Limited as the country’s highest taxpayer in 2021. It also listed Nigeria LNG Ltd as the most supportive taxpayer for the year. The...
The Nigerian Communications Commission (NCC) in collaboration with the Federal Inland Revenue Service (FIRS) have inaugurated a joint committee for the enhancement of the country’s revenues in the telecommunications sector. The committee comprises senior and management...
The Central Bank of Nigeria (CBN) has begun the collection of electronic stamp duty due to the rift between the Federal Inland Revenue Service (FIRS) and Nigeria Postal Service (NIPOST). President-General of the Senior Staff Association...
The Court of Appeal sitting in Port Harcourt will on May 9, 2022, resume hearing on the appeal filed by the Federal Inland Revenue Service (FIRS) against the Rivers state government over the collection of...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said four federal government agencies generated a total of N28.02 trillion between 2017 and 2019. NEITI disclosed this in its latest fiscal allocation and statutory disbursement (FASD) report released...
The Federal Inland Revenue Service (FIRS) and MultiChoice Nigeria have agreed to an amicable resolution over pending tax disputes. Both parties announced the agreement on Wednesday in Abuja. As part of the agreements, MultiChoice will withdraw...
The Federal Inland Revenue Service (FIRS) has given taxpayers with outstanding foreign currency tax liabilities a one-month window to remit all taxes accrued by their transactions to settle them by 31st March. In a statement, yesterday,...
The Federal Inland Revenue Service (FIRS) has signed a Memorandum of Understanding (MoU) with the Nigerian Television Authority (NTA), Federal Radio Corporation of Nigeria (FRCN) and the National Orientation Agency (NOA) to engage in a...