The Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has welcomed a call for partnership between the agency and the Nigerian Institution of Estate Surveyors and Valuers (NIESV).

People have been talking about the proposed bill, discussing its potential, the concerns, and the necessary changes it could bring to Nigeria’s tax system. The Tax Reform Bill, with its proposed shift in the VAT derivation formula, is no small matter. The reform has the power to reshape Nigeria’s tax system and, by extension, its…

Major revenue agencies, including the Nigerian National Petroleum Company Limited (NNPCL), Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service, may need to magically increase revenue by over 200 per cent next year

The Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has described the allocation of 70% of value-added tax (VAT) proceeds to Lagos, Rivers, and the Federal Capital Territory (FCT) as unfair to the remaining 34 states. Speaking during an interactive session with members of the House of Representatives on the proposed tax…

The Lagos Chamber of Commerce and Industry (LCCI) has urged the Federal Inland Revenue Service (FIRS) to prioritise effective tax governance to enhance the ease of doing business in Nigeria. Mr Gabriel Idahosa, President, LCCI, made the call at the FIRS Special Day event at the ongoing 2024 Lagos International Trade Fair (LITF) on Friday.…

The Lagos Chamber of Commerce and Industry (LCCI) has lauded the Federal Inland Revenue Service (FIRS) for its shift from merely collecting taxes to actively providing services that enhance business operations. This commendation was made during the FIRS Special Day at the ongoing Lagos International Trade Fair (LITF), where LCCI President, Mr. Gabriel Idahosa, highlighted…

There is nothing in the four tax bills currently before the National Assembly that threatens the existence of any government agency

WITH the addition of two new CRJ 900 aircraft to the fleet of Ibom Air, Akwa Ibom State Commissioner for Information, Ini Ememobong, has said the commitment of Governor Umo Eno to ensuring sustainable growth in the aviation sector is unquestionable. Reflecting on the development at the weekend, Ememobong said that Eno’s sustained investment in Ibom Air “is a part of the larger investment in aviation, which aims to make our state an aviation hub.” Last Friday, Eno took delivery of two new Bombardier CRJ900 aircraft for the state-owned airline with assurances that his administration would expedite actions towards achieving optimum returns on investment of public funds and assets within and outside the state. The governor, who received the two aircraft labelled 5N-CED and 5N-CEE, which touched ground at Victor Attah International Airport, Uyo, at 2:59 p.m. and 3:06 p.m., respectively, affirmed that the acquisition was funded in full by the state government without any loan or facility from any financial institution. This, he said, was in line with his administration's determination to break the vicious cycle of state government investments existing only to settle debts in favour of financial institutions. , adding that his administration would rather explore ventures that would ensure returns on investment to the state. The House of Representatives Committee on Finance has commended the level of progress and achievements being made by the Federal Inland Revenue Service (FIRS), promising not to withhold any support needed by the agency.

The House of Representatives Committee on Finance has commended the progress and achievements of the Federal Inland Revenue Service (FIRS), pledging full support for the agency. During an oversight visit, Committee members met with FIRS management at the Revenue House in Abuja on Tuesday and toured the agency’s permanent headquarters, currently under construction in the…

The Federal Inland Revenue Service (FIRS) has opened a portal for interested persons to apply for recruitment. The FIRS announced this on its website on Friday morning, adding that it is looking for candidates with integrity and a strong desire to excel professionally, and those who possess strong analytical, problem-solving, and communication skills. "Following our…

The House of Representatives has resolved to beam its searchlights on the Federal Inland Revenue Service (FIRS), Corporate Affairs Commission (CAC), and Nigeria Deposit Insurance Corporation (NDIC) over alleged lopsided employment and extra-budgetary expenditures. Adopting a motion sponsored by Mr Ali Isa JC at plenary on Thursday, presided over by the Deputy Speaker, Mr. Benjamin…

The Federal Inland Revenue Service (FIRS) has announced that there will be a nationwide recruitment for young graduates in Nigeria. FIRS made the announcement in a communique signed by the management and shared on its official X account on Monday morning. “Recruitment Notice: Are you young, skilled, courageous and principled? Nigeria needs you! The Federal…