News

Rivers judgement: Continue to pay VAT to us, FIRS tells taxpayers

Ihesiulo Grace 23 August 2021 0

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

Headlines News

N17bn Tax evasion: Go after defaulting agencies, firms, Senate orders FIRS

Ihesiulo Grace 16 August 2021 0

*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 […]

Business

Court stops FIRS from VAT, PIT, other taxes collection in states

Ihesiulo Grace 10 August 2021 0

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. […]

News

FIRS does not grant tax waivers to local, foreign investors, says Nami

Ihesiulo Grace 12 June 2021 0

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 […]

News

Reps directs FIRS chairman to resign over revenue leakages

Ihesiulo Grace 9 June 2021 0

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

News

N1.4b FIRS Refreshment: CSGGG disagrees with HURIWA

Ihesiulo Grace 22 April 2021 0

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 […]

News

Senate queries FCT revenue agency over N1bn salary payment to 117 FIRS staff

Ihesiulo Grace 1 April 2021 0

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 […]

Business News

FIRS clears air over Collection of Stamp Duties Charges

Ihesiulo Grace 17 March 2021 0

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 […]

News

Mother’s Day: FIRS supports women to become professionals

Ihesiulo Grace 15 March 2021 0

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 […]

Business

FIRS targets N5.9trn tax and other revenue collection for 2021

Ihesiulo Grace 4 March 2021 0

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 […]

News

TETfund applauds FIRS over increased remittance of education tax

Ihesiulo Grace 29 January 2021 0

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 […]

News

Buhari oders MDAs, others to Grant access to FIRS for tax collection

Ihesiulo Grace 21 January 2021 0

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

News

EFCC invites former FIRS chairman for questioning

Ihesiulo Grace 3 November 2020 0

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 […]

News

FIRS unveils online portal for financial institutions

Ihesiulo Grace 8 September 2020 0

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

Economy News

No more federal allocation for FIRS, Customs, NBC, 57 others – Senate

Ihesiulo Grace 30 August 2020 0

The Senate will advise the Federal Ministry of Finance, Budget and National Planning that 60 federal agencies should be removed from the beneficiaries of allocation from the national budget, starting from next year, DAILY TIMES gathered. The Federal Inland Revenue Service, Nigeria Customs Service, Security and Exchange Commission, National Broadcasting Commission, and Oil

Business News

Stamp Duty: NIPOST denies operating illegal account

Ihesiulo Grace 12 August 2020 0

Nigerian Postal Services (NIPOST) has refuted recent online claims by the Federal Inland Revenue Service (FIRS) that it was operating an illegal stamp duties account. This was contained in a statement signed by Franklin Alao, NIPOST General Manager, Communications, on Monday. Director of Communication and Liaison, FIRS, Mr Abdullahi Ahmad, had in a reaction to […]

Economy

FIRS allegation false, CBN opened the Stamp Duty account – NIPOST

Ihesiulo Grace 9 August 2020 0

FIRS – The Nigerian Postal Service (NIPOST) on Sunday disclosed that its stamp duty account was opened by the Central Bank of Nigeria under the Treasury Single Account. NIPOST made this known in response  to a publication by FIRS alleging that the postal service agency operated an illegal stamp duty account. READ ALSO: Disregard NIPOST […]

News

Disregard NIPOST on stamp duty, FIRS implores Nigerians

Ihesiulo Grace 6 August 2020 0

Federal Inland Revenue Service (FIRS) has issued a statement through its Director of Communication and Liason, Abdullahi Ismaila Ahmad, following the faceoff between it and Nigerian Postal Service (NIPOST). It warned Nigerians to be wary of any stamp duty-related operations with NIPOST, Daily Times gathered. Abdullahi said:“The attention of the Federal Inland Revenue

News

NIPOST, FIRS on social media war over stamp duty

Ihesiulo Grace 4 August 2020 0

Two Federal government agencies, NIPOST and Federal Inland Revenue Service are waging a social media war over stamp duty, that will require President Buhari to resolve. NIPOST chairman, Maimuna Abubakar triggered the war on 2 August, when she tweeted that FIRS has gone rogue over stamp duty, by stealing its mandate, by way of printing […]

Business News

Listen to NIPOST at your own peril, FIRS warns Nigerians

Ihesiulo Grace 4 August 2020 0

The Federal Inland Revenue Service (FIRS) has issued a statement through its Director of Communication and Liason, Abdullahi Ismaila Ahmad, following the face off between the Federal Inland Revenue Service (FIRS) and Nigerian Postal Service (NIPOST). The statement, as gathered by Daily Times, sternly warned Nigerians to be weary of any stamp duty related operations […]