FIRS
19 Jan
Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Federal Inland Revenue Services (FIRS) have opened talks on three crucial areas the two agencies could explore to mitigate financial tax frauds and other corrupt vices.
16 Jan
The Federal Inland Revenue Service (FIRS) has revealed plans to significantly increase its tax revenue collection by 57% to N19.4 trillion in the year 2024.
8 Jan
Deposit money banks (DMBs) have continued to inform their customers about the directive handed them by the Federal Inland Revenue Service (FIRS) to deduct the backlog of the Electronic Money Transfer Levy (EMTL) on previous foreign currency transactions carried out by January 31, 2024.
2 Jan
Nigeria was on the path of history recently when the 28th Conference of Parties (COP28) concluded with 198 parties endorsing a landmark agreement “The UAE Consensus” that sets out an ambitious climate agenda to keep 1.5°C within reach.
22 Dec
The Federal Inland Revenue Service (FIRS) has rolled out the implementation of the Integrated Market Revenue Management System (IMRMS), a purpose-built digital platform, to capture the informal sector, especially market traders in the federal government's tax net. The FIRS is partnering with the Market Traders Association of Nigeria (MATAN), the umbrella body for all trading…
3 Dec
The Federal Inland Revenue Service (FIRS), has approved amnesty on penalties and interests for outstanding tax liabilities.
30 Nov
The Federal Inland Revenue Service (FIRS) has called for synergy between the agency and the Economic Financial Crimes Commission (EFCC) in tracking and reporting local and trans-border financial transactions of companies, multinationals and high-net-worth individuals.
23 Nov
The Federal Government has rolled out plans to drive tax in Nigeria through the enforcement of compliance with relevant tax laws in the country.
22 Nov
The Federal Inland Revenue Service (FIRS) has charged foreign companies shipping crude oil from Nigeria to comply with the country's tax laws in their operations.
19 Nov
Nigeria’s economic growth and generational wealth were yesterday hinged on strong determination by Nigerians to build organisation that priorities foundations and structures that can withstand the test of time.
10 Nov
House of Representatives’ Public Accounts Committee has summoned Federal Inland Revenue Service (FIRS), Nigerian Immigration Service (NIS), Nigerian Meteorological Agency, and the Pharmacists Council of Nigeria to appear before it to answer queries issued against them by the Auditor General for the Federation.
7 Nov
The Federation Account Allocation Committee (FAAC) disbursed N1.80 trillion to the three tiers of government in August 2023. That is N0.9 trillion lower than the N1.89 trillion it disbursed in July 2023.