The newly appointed Acting Executive Chairman of the Federal Inland Revenue Service (FIRS), Zaccheaus Adedeji, has lamented a situation where Nigeria spends 96 per cent of its revenue on debt servicing, saying the trend would be reversed soon. Adedeji, who spoke during a handing-over ceremony at the FIRS Headquarters in Abuja, yesterday, said he would…

The Federal Inland Revenue Service (FIRS) has said most mainstream shipping companies that refuse to comply with their tax obligations get away with their actions due to poor enforcement of relevant laws by the Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Ports Authority (NPA) and other government agencies operating in the maritime sector. The…

The Federal Inland Revenue Service (FIRS) said Nigeria’s tax-to-GDP ratio which, in the last 12 years, hovered between five and six per cent rose to 10.86 per cent by the end of 2021

Nigeria has the capacity to generate N20 trillion yearly from tax if more taxable Nigerians are brought into the tax net.

A director at the Federal Inland Revenue Service (FIRS), Olalekan Onikoyi, who was recently accused of ordering his house-help to unleash domestic dogs on his wife, Mrs. Emily Onikoyi, has described the allegation as baseless, unrealistic and spurious.

The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has stated that a beautiful Nigeria is possible with the proliferation of entrepreneurship and industrial hubs.

The Federal Inland Revenue Service (FIRS) has said that tax compliance will only improve when payers are convinced that revenues are going to be used for the common good.

The Federal Inland Revenue Service (FIRS) has said that its mandate is to collect taxes that are due to the federation and the Federal Government and not to grant waivers.

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has said Nigeria is currently suffering revenue challenges because of its fragmented tax systems and agencies.

The Federal Inland Revenue Service (FIRS) has called on professional bodies regulating tax practice to lead conversations on matters of tax policy and tax laws in the country.

The Federal Inland Revenue Service (FIRS) has extended the filing date for firms’ Companies' Income Tax Returns for the 2022 Year of Assessment to August 31, 2022.

The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have signed a Memorandum of Understanding [MOU], to boost revenue collection in the nation