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FIRS clarifies borrowing plan, confirms new tax regime from January
The Federal Inland Revenue Service (FIRS) has defended the Federal Government’s borrowing strategy, insisting that debt remains a legitimate tool for growth and infrastructure financing, not a sign of crisis. He announced that Personal Income Tax (PIT) and Company Income Tax (CIT) reforms will take effect from January.
Terhemba Daka (Abuja) and Tobi Awodipe (Lagos)
