The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit Value Added Tax (VAT) to the FIRS from the country’s markets, especially in the informal sector. The Association which has…
Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5 per cent to 6 per cent rose to 10.86 per cent by the end of 2021. The new ratio was communicated to the Federal Inland Revenue Service (FIRS),…
…Also bags BusinessDay Newspaper Excellence in Public Service Award 2022 The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has been named winner of the Institute of Chartered Accountants of Nigeria (ICAN) Merit Award 2023 in its Non-Members…
By Dr Gbenga Adeoye Let me start with three proverbs, if they don’t want you in a city, do not raise song. If you do, nobody will join you to sing it. Tax is not something people enjoy to pay…
Revenue collection by two key agencies of the Federal Government (FG), the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS), rose to N12.7 trillion in 2022 representing a 46.8 percent increase from N8.7 trillion collected in 2021.…
A Memorandum of Understanding between Nigeria’s Federal Inland Revenue Service (FIRS) and the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) was signed recently with the aim of fostering improved collaboration on capacity building between the two tax authorities.…
In order to achieve its mandate of implementing relevant policies, developing and regulating Information Technology for sustainable development, the National Information Technology Development Agency (NITDA) in collaboration with the Federal Inland Revenue Service (FIRS) has held a stakeholders’ engagement forum…
The Federal Inland Revenue Service (FIRS) yesterday signed a Memorandum of Understanding (MoU) with the Lagos Internal Revenue Service (LIRS) where the two tax authorities would collaborate on joint tax audit, investigation and automatic exchange of information. The MoU signing…
Lagos State Government (LASG) has sealed a bilateral agreement with the Federal Government to harmonise tax administration, raise system efficiency and proffer solution to challenges of multiple taxation. Governor Babajide Sanwo-Olu, on Monday, presided over a ceremony where Federal Inland…
The Federal Inland Revenue Service (FIRS) has announced that it collected over N10 trillion in tax revenue in the year 2022, the highest tax collection ever recorded in its history. The Service made this known in its “FIRS 2022 Performance…
