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Money

FIRS, Others’ Revenue Collection Cost Rises By 49%, Hits N329bn

The cost of revenue collection by key revenue-generating agencies of the Federal Government rose by N108.98bn between 2019 and 2021, according to findings...

Money

2022: Our Target Is To Achieve 100% Automation Of Tax Administration Processes – FIRS

We will give priority to taxation of digital economy … The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100%...

Money

FINANCE BILL 2021: “Our Tax System Must Work for Every Nigerian” — FIRS Executive Chairman

The 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian.  This was the position of...

Economy

FIRS Boss: Only 41m People Pay Tax In Nigeria

The Chairman, Federal Inland Revenue Service (FIRS), has said that only 41 million pay taxes in Nigeria out of the over 200 million...

Economy

FIRS Affirms Position On VAT Collection

The Federal Inland Revenue Service (FIRS) has urged taxpayers not to panic over the recent court ruling by the Federal High Court sitting...

Economy

FIRS Targets N10.1trn Revenue In 2022, Says Nami 

The Federal Inland Revenue Service has projected generating N10.1 trillion revenue for the 2022 financial year, according to its chairman, Muhammad Nami. Nami...

Economy

FIRS Generates N66b From Stamp Duty In Five Months

Between January and May, this year, the Federal Inland Revenue Service (FIRS) generated the sum of N66 billion from stamp duty. In a...

Economy

Nigeria Loses N1.3tri To Tax Waivers

Nigeria lost 1.3trillion naira to granting of tax waivers to companies operating in three sectors of the economy in the last five years,...

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