The Nigeria Export Processing Zones Authority (NEPZA) and the Federal Inland Revenue Service (FIRS) have agreed to adjust some sections of the recently signed Memorandum of Understanding (MoU) on effective tax administration, to accommodate some salient concerns. The agencies on…
OVERVIEW Tax ProMaxis FIRS’ flagship tax administration solution for automated end-to-end processing of its tax administration function. It is a game-changer through which FIRS achieved over 100% of its 2021 collection target. In 2021, FIRS collected N6.405 trillion (N2.008trilion from…
Upon the effluxion of the amnesty provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) set up by the Federal Government of Nigeria through the Federal Ministry of Finance, the Joint Tax Board (JTB) in collaboration with the Federal…
The Federal Inland Revenue Service, FIRS, has commended the Ibrahim Badamasi Babangida University, Lapai Niger State for its decision to introduce Taxation Studies as part of its Courses in the Institution. The Chairman of the Federal Inland Revenue Service Muhammad…
By Matthew Denis Abuja The effluxion of the amnesty provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) set up by the Federal Government of Nigeria through the Federal Ministry of Finance, the Joint Tax Board (JTB) in collaboration…
The filing of Companies Income Tax Returns for the 2022 Year of Assessment, due on 30th June 2022, has been extended to 31st August 2022, for companies who were unable to meet up with the deadline as at the end…
The filing of Companies Income Tax Returns for the 2022 Year of Assessment, due on 30th June 2022, has been extended to 31st August 2022, for companies who were unable to meet up with the deadline as at the end…
Ogun auto crash leaves one dead, 10 injured The Federal Road Safety Corps (FRSC), Ogun State, said one person died while 10 others sustained injuries in an accident at Kobape on the Abeokuta-Sagamu expressway on Sunday. The FRSC Sector Commander…
The Benue Board of Internal Revenue Service (BIRS) has partnered the Federal Inland Revenue Service (FIRS) on revenue mobilisation in the state. The Executive Chairman, BIRS, Mrs Mimi Adzape-Orubibi and Mr Bulus Rimamskep, FIRS Controller in Benue, embarked on a…
Visits to include MDAs, NGOs, other corporate bodies… The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and Withholding Tax (WHT) compliance exercise from July, 2022. This information is contained…
