The Federal Inland Revenue Service (FIRS) has said that the nation recorded a consistent increase in tax collection from the non-oil sectors of the economy in 2021, peaking at 69% from 38% in 2017. In its...
The Federal Inland Revenue Service (FIRS) has announced that it would tax profits accruing from investments in bonds and short-term government securities by companies which would now be categorised as income tax. This, it said, followed...
The Federal Inland Revenue Service (FIRS) has raked N6.4 trillion as revenue in 2021, the highest in its history. Johannes Oluwatobi Wojuola, special assistant on media and communication to the chairman of FIRS, said this in...
Muhammad Nami, executive chairman, Federal Inland Revenue Service (FIRS), says the agency will achieve 100 percent automation of all its tax administration processes in 2022. Johannes Wojuola, special assistant to the executive chairman, said this in...
The President of the Senate, Ahmad Lawan, has said that the upper chamber will work with revenue-generating agencies towards reducing the level of the nation’s borrowing. He spoke on Wednesday in Abuja, at an event to...
The Nigerian National Petroleum Limited (NNPC) yesterday handed over to the Federal Government, the cheque for the construction of 21 roads over 1,800 kilometres under tax credit scheme at the cost of N621bn. Speaking yesterday at...
Vice President Yemi Osinbajo has told federal government agencies to support the “hustle” of Nigerians engaged in different enterprises by creating a conducive and enabling business environment. He spoke at the MSME Clinics Stakeholders’ review meeting...
Finance Minister Zainab Ahmed has said that as indicated in the Finance Bill 2021, Nigerians are to pay more taxes. The minister disclosed this Monday during a public hearing on the bill organised by the House...
The Executive Chairman of Federal Inland Revenue Service, FIRS, Mr. Muhammad Nami, has faulted the computation of the nation’s tax-to- GDP (Gross Domestic Product) which captures only federal government taxes. He said it does not...
President Muhammadu Buhari has asked the national assembly to pass the 2021 finance bill seeking to support the tax reforms of the Federal Inland Revenue Service (FIRS). On Tuesday, the National Economic Council (NEC) endorsed a...