Federal Inland Revenue Service
Revolutionising tax for Nigeria’s sustainable growth
The Federal Inland Revenue Service (FIRS) is currently implementing small businesses -friendly tax policy that temporarily exempts operators with an annual turnover of N25 million and below from charging Valued Added Tax while deploying technology to ensure continued quality service delivery to taxpayers across every segment of the economy. FIRS performance showed that tax revenue…
FIRS working to increase PAYE tax compliance - Nami
The Federal Inland Revenue Service (FIRS) says it is working closely with Ministries, Departments, and Agencies (MDAs) to increase the rate of compliance with the remittance of Pay-As-You-Earn (PAYE) tax.
FIRS to block $10bn tax leakage by multinational
The Federal Inland Revenue Service (FIRS) says it is working towards blocking about 10 billion dollars tax leakages by multinational corporations operating in the country
FIRS targets N8.5trn revenue in 2020
The Federal Inland Revenue Service (FIRS) says it is targeting N8.5 trillion revenue for the country in 2020. The Executive Chairman of FIRS, Mr Muhammad Nami, disclosed this at the 2020 Corporate Plan Retreat...
Hate speech, fake news threaten Nigeria’s unity, but death penalty too extreme –– Momoh
Widespread condemnations have continued to trail the National Commission for the Prohibition of Hate Speech Bill, and the Protection from Internet Falsehood and Manipulation and Other Related Offences Bill
Parties seek out of court settlement in N25 billion suit
The Federal Inland Revenue Service (FIRS) and First Bank Plc, have opted for out of court settlement in an N25 billion damages suit filed against them by an indigenous company, Biatemp Ventures Ltd over alleged account manipulation.
Fire burnt only computer waste, stationery, says FIRS
The Federal Inland Revenue Service (FIRS), has said nothing critical to its operations was affected by the fire incident, which occurred at its headquarters on Saturday. The Service made this known in a statement signed by Head, Communications and Servicom Department, Wahab Gbadamosi, issued in Abuja, yesterday.
FG to pay 2.5% commission in loot recoveries
The Federal Government is seeking the approval of the National Assembly to pay 2.5 per cent as commission to those that assisted it in the recovery of the late General Sani Abacha loot and other funds stashed abroad.
Nigeria loses $15 billion annually to tax evasion, says FIRS
Sequel to the Nigerian Government announcement of a new $3billion credit line from the Bretton Woods Institutions to overhaul electricity infrastructure in the country