The Federal Inland Revenue Service (FIRS) has introduced a significant measure, approving amnesty on penalties and interests linked to outstanding tax liabilities, as confirmed by the Chairman of FIRS, Zacch Adedeji, in a statement issued on Sunday in Abuja. Recognising the financial challenges faced by taxpayers in fulfilling their tax obligations, the FIRS has opted Read More…
The Senate passed the second reading of the Federal Inland Revenue Service (FIRS) (Establishment) Bill, 2022, on Tuesday. Sen. Yahaya Abdullahi (PDP-Kebbi North), the bill’s sponsor, gave the lead debate on the bill’s fundamental ideas at plenary. Abdullahi, who presented the debate, stated that the bill aimed to alter the FIRS (establishment) Act, No. 13, Read More…
The Federal Inland Revenue Service (FIRS) says it has generated N4.178 trillion revenue in the last 10 months. The Executive Chairman of the service, Mr Muhammad Nami, disclosed this while presenting a report on Internally Generated Revenue (IGR) at the 46th meeting of the Joint Tax Board (JTB) in Abuja on Friday. Nami said what Read More…
Picture above credit: The Marina Stretch in Lagos island has some of the tallest buildings in Nigeria, one of which is the Union Bank building shown in the photo. Photography: Bobby Azuka-Okocha/9mobile The Federal Inland Revenue Service (FIRS) has published detailed information to guide taxpayers and the general public on rates payable as stamp duty. Read More…
