FIRS explained that the new policy was necessary so as to give the instruments the legal backing required.
These tier-1 banks may be entitled to tax exemptions in Q2 2020.
As part of the MoU which FIRS signed with NCC, it has concluded plans to integrate API technology solution,to verify the accuracy of taxes paid.
“Any electronic receipt for, or electronic transfer of, money deposited with any bank or with any banker in any type of account of an amount from...
Nigerians have been reacting to the circular from the Executive Chairman of Federal Inland Revenue Service (FIRS), Muhammad Nami, to taxpayers over payment of taxes.
The FIRS, in its response to the impact of COVID-19 in its operations, has launched business continuity plan and measures to ensure the safety of taxpayers.
The Federal Board of Inland Revenue (FBIR) has approved the appointment of four new Coordinating Directors and two Group Heads in acting capacity.
Members of FAAC have disagreed over the amount presented by revenue-generating agencies for allocation to FG, State and Local governments.
The Federal Inland Revenue Service (FIRS) has announced the commencement of its plans to deploy technology in collection of government revenue.
The House of Representatives has decided to probe the Central Bank of Nigeria (CBN) and the Federal Inland Revenue Service (FIRS) over their handling of the foreign exchange (Forex)....