The Federal Inland Revenue Service (FIRS) says tax compliance should be a prerequisite for clearing aspirants to contest elective positions. Muhammad Nami, executive chairman, FIRS and chairman, Joint Tax Board (JTB) made the recommendation on Tuesday at a meeting with the Independent National Electoral Commission (INEC) in Abuja. The meeting was aimed at strengthening collaboration […]
The Federal Inland Revenue Service (FIRS) says the deployment of digital technology is key to improving revenue generation, hence, the need to speed up digitalization of internal processes. Mrs. Angel Fadahunsi, Director, Department of Career and Skill Development, FIRS, stated this on Friday in Abuja during a capacity building workshop aimed at highlighting the importance […]
The Federal Inland Revenue Service (FIRS) says it generated the sum of N4.2 trillion between January and September 2021, in spite of the challenges posed by COVID-19. Executive chairman of FIRS, Mr. Mohammad Nami made the disclosure during FIRS Special Day at the 2021 Lagos International Trade Fair (LITR), on Thursday, in Lagos. The News […]
By Doosuur Iwambe, Abuja The National Youth Council of Nigeria (NYCN), has said the ongoing reforms in the Federal Inland Revenue Service (FIRS) are tailored towards strengthening the nation’s economy. The NYCN position is coming on the heels of reports that the service in its 2022 budget proposal allocated outrageous sums for uniforms, meals, allowances […]
As the controversy over the collection of Value Added Tax (VAT) rages, a Senior Advocate of Nigeria (SAN), Chief Oba Maduabuchi, has said the provisions of the 1999 Constitution and the Value Added Tax Act which empowers the Federal Inland Revenue Services (FIRS) to collect VAT should be respected. The controversy over the subject matter […]
*Achieved 47% of 2021 collection in six months Tunde Opalana, Abuja The Federal Inland Revenue Service (FIRS) has projected a revenue collection of N10,104,154,060,640.10 in the 2022 fiscal year. The projected collection was presented in the 2022-2024 Medium Term Expenditure Framework (MTEF) of FIRS to the Senate Committee on Finance at a 3 days MTEF/ […]
The Federal Inland Revenue Service (FIRS) has asked taxpayers in the country to continue to pay value-added tax (VAT) to the agency to avoid facing penalties for failing to do so. FIRS spokesperson, Abdullahi Ahmad, stated this in a statement on Sunday. The directive followed a recent judgment obtained by the Rivers State at the […]
*Addresses of affected companies could not be traced – FIRS Tunde Opalana, Abuja The Senate has ordered the government flagship tax collection agency, the Federal Inland Revenue Service (FIRS), to within a period of 90 days recover and fully pay into the Consolidated Revenue Fund (CRF), a sum of N17, 690, 341, 565.00 billion, being […]
The Federal Inland Revenue Service (FIRS) has been instructed to cease levying and collecting value-added tax (VAT) and personal income tax (PIT) across the country. On Monday, a federal high court in Port Harcourt, presided over by Justice Stephen Pam, issued the directive, arguing that the law does not support FIRS power over state governments. […]
By Tom Okpe The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has disclosed that the Service did not grant any tax waiver to any local or foreign investors in the country as the FIRS Act did not empower it to grant such tax breaks. Nami disclosed on Friday in Abuja during his appearance […]
Tom Okpe, Abuja Public Account Committee (PAC) of the House of Representatives has urged the Executive Chairman of the Federal Inland Revenue Services, (FIRS) Alhaji Muhammad Mamman Nami to immediately resign his appointment, if he cànnot discharge his constitutional responsibilities effectively. The Committee also gave Nami, 18 hours within which to appear before it or […]
By Tom Okpe Civil Society Groups for Good Governance (CSGGG) has berated the Human Rights Writers Association (HURIWA) over alleged expenditure of the sum of N1.4 billion by the federal inland revenue service (FIRS) on refreshment and meals in the 2021 fiscal year. An assemblage of over 180 CSOs, CSGGG urged the Comrade Emmanuel Onwubiko […]
Tunde Opalana, Abuja Members of the Senate Committee on FCT were jolted by the revelation that 117 staff of the Federal Inland Revenue Service (FIRS) draws salaries from the FCT for revenue generation services provided. They were taken aback when the Chairman, Federal Capital Territory, Mallam Abdullahi Attah told the committee that the agency allocated […]
The Federal Inland Revenue Service (FIRS) says the attention of the commission has been drawn to some electronic/social media platforms misquoting a recent speech by the Honourable Minister for Communications and Digital Economy on the administration of Stamp Duties in the country. For the avoidance of confusion arising from such publications, the FIRS hereby informs […]
The Federal Inland Revenue Service (FIRS) says it is supportive of women and mothers in their respective desire to become professionals in their chosen careers. The Executive Chairman of FIRS, Mr Muhammad Nami, made this known in a statement issued to commemorate this year’s International Mother’s Day in Abuja on Monday. Nami said currently, there […]
The Federal Inland Revenue Service (FIRS) anticipates revenue collection of N5.9 trillion in 2021. Its Chairman, Mr. Muhammad Nami, announced the anticipation in Abuja on Thursday while defending the Service’s 2021 budget before the House of Representatives Committee on Finance. He said that the 2021 budget was tailored to reposition the Service for a more […]
Doosuur Iwambe, Abuja The Executive Secretary of Tertiary Education Trust Fund (TETfund), Professor Suleiman Bogoro has commended the present management of Federal Inland Revenue Service (FIRS) for the increased remittance of Education tax to the fund. Speaking when he led the management team of TETfund in appreciation visit to FIRS Bogoro noted that the fund […]
Philip Clement, Abuja President Muhammadu Buhari has mandated ministries, departments, agencies and business enterprises to grant access to the Federal Inland Revenue Service (FIRS) to their systems for the purposes of tax collection nationwide. President Buhari issued the mandate on Thursday while delivering his address as the Special Guest of Honour at the First Annual […]
The immediate past Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, is currently in the custody of the Economic and Financial Crimes Commission in Lagos responding to questions on alleged diversion of funds, Daily Times gathered. Fowler, who was also the Chairman of the Lagos Inland Revenue Service, is responding to questions over […]
By Philip Clement As part of its ongoing reforms to align with the nation’s tax system with global standards, the Federal Inland Revenue Service (FIRS) has launched a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system to be utilized by financial institutions in the country. Executive Chairman, FIRS, Mr Muhammad Nami, announced the deployment […]