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FIRS
News and Analysis about firs
AEDC has issued a ten-day notice to eighty-six Federal MDAs demanding payment of a staggering N41.7 billion in outstanding debts.
The Federal Inland Revenue Service (FIRS) plans to meet with the Central Bank of Nigeria (CBN) and Ministry of Works this Friday to review about N2.59 trillion tax credit scheme meant for road repairs and construction in the country.
The Federal Inland Revenue Service (FIRS) has clarified that it has no intentions of imposing taxes on online content creators.
MultiChoice Group (MCGJ.J), Africa’s largest pay TV conglomerate, said on Thursday that its subsidiary entities have settled a tax dispute with Nigerian tax authorities.
The Nigerian Federal Government has set its sights on a significant revenue boost from the oil sector in 2024, aiming for a staggering 214% increase in Petroleum Profit Tax (PPT) collections.
The Nigeria Deposit Insurance Corporation (NDIC) and the Federal Inland Revenue Service (FIRS) are planning to spend a combined sum of N8.7 billion on software alone this year.
The Federal Inland Revenue Service (FIRS) has exceeded its 2023 revenue target by an N816 billion, reflecting a 107% performance over the set goal. The total actual revenue collection for the year 2023 stood at N12.37 trillion,
Justice F. Giwa Ogunbanjo admitted a fresh exhibit against Emmanuella Eteta Ita, Head of Stakeholders Unit at the FIRS.
The Federal Inland Revenue Service (FIRS) has revealed plans to significantly increase its tax revenue collection by 57% to N19.4 trillion.
Educational institutions in Nigeria paid 42% more taxes by the third quarter of 2023 based on a quarter-by-quarter analysis of data from NBS.
As part of efforts to ensure strict compliance with the country’s tax laws, the Executive Chairman of the Federal Inland Revenue Service, Zacch A. Adedeji has charged international shipping companies operating in Nigeria to ensure to reconcile their books with the Service before December 31, 2023.
FIRS has announced its intention to launch a nationwide VAT and WHT compliance monitoring exercise for all taxable individuals.