The Federal Inland Revenue Service (FIRS) has confirmed the death of four of its officers in Tuesday’s fire outbreak at Afriland Towers on Broad Street, Lagos. The inferno, which started in the inverter room located in the basement of the high-rise, spread quickly through the building, trapping some workers on the upper floors. In a […]
The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians without a Tax Identification Number (TIN) cannot open or operate bank accounts, describing it as a misconception. The agency said the country’s tax framework has been redesigned to integrate seamlessly with national registries, making individuals and entities automatically identifiable for tax purposes without new […]
The Federal Inland Revenue Service (FIRS) has urged global and national leaders to intensify efforts against cross-border economic crimes, warning that tax evasion, abusive transfer pricing, and illicit financial flows undermine fair competition, revenue mobilisation, and long-term economic growth. Speaking at the 42nd Cambridge International Symposium on Economic Crimes in the United Kingdom, FIRS chairman […]
President Bola Ahmed Tinubu, GCFR, has officially signed four landmark tax reform bills into law, marking a significant milestone in Nigeria’s drive toward economic transformation and sustainable revenue generation. The new laws, which are expected to overhaul the country’s fiscal architecture, include: Nigeria Tax Bill, Nigerian Tax Administration Bill, National Revenue Service (Establishment) Bill and […]
By Msugh Ityokura The Federal Inland Revenue Service, FIRS has disclosed that 85 per cent of the Value Added Tax, VAT generated by the service goes to state governments while the Federal Government, FG retains just 25 per of the funds The service has therefore, tasked Nigerians on active participation in governance by holding their […]
BY TUNDE OPALANA The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, met in Abuja with a delegation from the International Monetary Fund’s (IMF) Fiscal Affairs Department (IFAD) with a view to explore potential areas of technical collaboration. The IMF delegation led by Mr. Marco Siqueira, a senior official in the […]
…commends it for hitting N21.6trillion in 2024 By Tunde Opalana The National Assembly has set a revenue target of N25 trillion for the Federal Inland Revenue Service (FIRS) in the 2025 fiscal year. This is as the Executive Chairman of FIRS, Mr Zacch Adedeji was commended for surpassing revenue collection target of N19.4trillion in 2024. […]
By Arabinrin Aderonke Chairman of the Federal Inland Revenue Service FIRS, Dr. Zacch Adedeji, and his team did so much in 2024 that one can’t help but wonder what 2025 holds. This is a man who is not only ready to work, but also committed to doing what is necessary in the tax sector. But […]
By Tom Okpe Chairman, Federal Inland Revenue Service, FIRS, Zack Adedeji, has said the tax reform Bill recently presented to the National Assembly is not aimed at increasing tax or introducing new taxes into the nation’s tax books. He also said the four tax reform Bill’s aim is to harmonise all tax laws, scattered in […]
The Federal Inland Revenue Service (FIRS) says it will introduce the FIRS e-Invoice, a digital solution for managing invoices, in line with the Tax Administration and Enforcement Act 2007. Executive Chairman, FIRS, Dr Zacchaeus Adedeji, stated this on Wednesday in Lagos at the LCCI-FIRS Organised Private Sector Stakeholders Engagement with the theme: “Emerging Tax Matters”. […]
The Nigeria Professionals in Diaspora group has praised Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), for his innovative crypto tax reforms, describing them as a game changer for Nigeria’s economy. In a statement delivered during a press conference in Abuja and signed by Dr. Obiora Okereke, President, and Chief Mrs. […]
About 1000 Coalition of Civil Society Organisations (CSOs) has commended Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS), for his pioneering efforts in revolutionizing Nigeria’s tax system to accommodate cryptocurrencies. In a press conference addressed in Abuja on Monday and signed by Mallam Yakubu Mohammed, National Coordinator, and Barr Godspower Ebi, […]
BY ANDREW OROLUA The Federal High Court sitting in Abuja on Friday discharged Tigran Gambaryan, a 39-year-old American, and fleeing Nadeem Anjarwalla from the tax evasion charges preferred against them and the cryptocurrency exchange platform, Binance by the Federal Inland Revenue Service (FIRS). The court made the decision in a short ruling following an amended […]
By Tom Okpe The House of Representatives had urged the Federal Inland Revenue Service, (FIRS) to recover taxes of over N5.19trn owed the Federal Government by Ministries, Departments and Agencies, Oil Companies and individuals. The House, arrived at this resolution following adoption of a motion at plenary on Thursday, moved by Rep Esosa Iyawe, representing […]
By Tunde Opalana A source within the Federal Inland Revenue Service (FIRS) has described as cheap blackmail a claim that the chairman, Mr. Zacc Adedeji has approved renovation of an office he wished to occupy without recourse to due process of contract award. There was an allegation that the chairman approved that a sum of […]
By Tunde Opalana The Tax Credit Scheme introduced by the past administration of President Muhammad Buhari and continued by the Bola Tinubu administration for road construction has come under fire from the Senate and the chairman of the Federal Inland Revenue Service (FIRS), Mr. Zacheus Adedeji. During an interactive session organised by the Senate Committee […]
The Federal Inland Revenue Service (FIRS), says it has no plans to tax online content creators. According to a staff of the agency who spoke under the condition of anonymity, skit makers are individuals who do not fall within the purview of the FIRS. “FIRS does not tax Personal Income Tax, States governments do. “FIRS […]
By Motolani Oseni Federal Inland Revenue Service (FIRS) has concluded plans to commence a nationwide Value-Added Tax (VAT) and Withholding Tax (WHT) compliance monitoring exercise for all taxable individuals effective 23 October 2023. The Acting Executive Chairman of the FIRS, Zacch Adedeji, in a statement explained that the initiative is designed to improve tax compliance […]
By Motolani Oseni The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax revenue collection ever recorded by the Service in any first six months of a fiscal year, the agency said in a statement […]
The Federal Inland Revenue Service (FIRS) says it will embark on a nationwide value-added tax (VAT) and withholding tax (WHT) compliance monitoring exercise for all taxable persons from July 1. Executive chairman, FIRS, Muhammad Nami said this on Thursday in a circular published on its Twitter page. Withholding Tax (WHT) is a method used to […]