FIRS

Pressured by dwindling revenues and heavy debt burden, the Federal Government on Tuesday moved to boost its resources by directly taking over control of revenue management of its 10 most lucrative enterprises.The 10 government-owned…

The Federal Inland Revenue Service (FIRS) has declared that its earlier directive that all bank account holders must fill self-certification forms were issued in error.This followed controversies generated across the nation by the…

The Federal Inland Revenue Service (FIRS) says non-oil tax receipts have consistently contributed 75 to 90 per cent of total tax revenue in recent months.Mr Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department made…

Federal Inland Revenue Service (FIRS) says it is ready to end the systemic abuse of the pioneer incentive scheme, which has led to tax revenue leakages for the three tiers of government.Speaking during a discussion with members of Forum…

Federal Inland Revenue Service (FIRS), on Tuesday, clarified that the Finance Act 2020 has striped both Central Bank of Nigeria (CBN) and NIPOST of the responsibility for collection of stamp duty.The explanation was contained in a…

Federal Inland Revenue Service (FIRS) has asked landlords and property agents to charge six per cent stamp duty on all tenancy and lease agreements with all renters for onward remittance to the service.In a statement on Wednesday, FIRS…

The Nigeria Postal Service (NIPOST) is to lose nothing less than 15,000 workers due to the recent take over of its primary duty to produce and issue stamp by the Federal Inland Revenue Services (FIRS).To this end, the workers have…

The Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30 to August 31, 2020.Mr Abdullahi Ahmad, the FIRS Director,…

Chairman, Federal Inland Revenue Service (FIRS), Mr Muhammad Nami on Tuesday alerted tax administrators to potential dangers that new technological innovations pose to the effective collection of taxes.At the start of a 3-day capacity…

Federal Inland Revenue Service (FIRS) has launched a national intelligence gathering system to gather data and track all tax evaders and defaulters, with a view to bringing them to book and make them pay their fair share of taxes to the…