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 and Gas […]
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 […]
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 […]
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 Service (FIRS) […]
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 […]
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 […]
As the Muslim world celebrates the Eid-el-Kabir today, the Federal Inland Revenue Service (FIRS) has joined the rest of the country to felicitate with Muslims nationwide, Daily Times gathered. In the spirit of the festivities and further to earlier palliative measures rolled out by the Service in support of the Nigerian taxpayers against the backdrop […]
The Federal Inland Revenue Service (FIRS) has further extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30, 2020, to August 31st, 2020. In a statement released to the newsmen on Wednesday morning by its Director, Communications and Liaison Department, Abdullahi Ismaila […]
The Federal Inland Revenue Service (FIRS) has declared that documents pertaining to rent or lease agreements for homes or offices, including certificate of occupancy as well as business-related transactions are subject to stamp duty payment. According to the FIRS Director, Communications and Liaison Department, Abdullahi Ahmad, this is necessary in order to give the instruments […]
The Federal Inland Revenue Service (FIRS) has alerted Nigerians and others resident in the country to make sure that documents pertaining to rent or lease agreements for their homes or offices, Certificate of Occupancy (C of O) as well as a list of other common business-related transaction instruments are subject to authentication with the new […]
President of the Senate, Ahmad Lawan, on Tuesday, tasked the Federal Inland Revenue Service (FIRS) to consider widening the tax net rather than overburden the people and business concerns. Lawan was the Guest Speaker at the inauguration of the Inter-Ministerial Committee on the Audit and Recovery of back years Stamp Duties and FIRS’ formal launching […]
In the 21st century, rating effective leadership is now based on leaders’ possession of ‘soft skills’. Leadership today is no longer rated by intimidating or swaying charisma like that of Adolf Hitler. Soft skills, according to Joana Marques in ‘Leadership Today’ include purpose, morality, values, vision, authenticity, empathy and emotional intelligence, spirituality, and trust, among […]
Consistent with its inter-agency collaboration policy, the Nigerian Communications Commission (NCC), has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) to enable the tax agency to verify the completeness and accuracy of Value Added Tax) elements and other taxes payable in the transactions of telecom operators. Quoting the Executive Vice Chairman of […]
.As FG slashes revenue projections for relevant agencies The Federal Inland Revenue Service has clarified on the recent announcement regarding charges on Automated Teller Machine (ATM) transactions as well as WhatsApp messages. Speaking to Daily Times, the Director Communications department of the FIRS, Abdullahi Ismaila Ahmad said details of the planned charges are still being […]
Nigerians will now pay stamp duties on all forms of electronic notifications acknowledging receipts of funds. This includes SMS and messages on any electronic platform such as emails and Whatsapp messages. This is according to a circular that was signed by FIRS’ Executive Chairman, Muhammad Nami, as seen on the tax agency’s website. Part of […]
Mixed reactions have trailed the statement released by the Federal Inland Revenue Service (FIRS) and addressed to essential service providers on payment of taxes during the COVID-19 lockdown In a personally signed press release, Executive Chairman of FIRS, Muhammad Nami acknowledged the difficulties being faced by businesses as the COVID-19 pandemic ravages on. “Nonetheless, we […]
The Federal Inland Revenue Service (FIRS) has increased revenue collection by 15 per cent to the total sum of N1.2 trillion for the first quarter of 2020, as against N1.04 trillion reported in the corresponding period of 2019. This was contained in a statement by the Director, Communications and Liaison Department, FIRS, Abdullahi Ismaila Ahmad and made […]
The Federal Inland Revenue Service (FIRS), virtually collapsed under its previous management, its new chief has said. Muhammad Nami, who assumed office as chairman last December, said he had to “build the entire structure of the service again from scratch. “This is not the first time Mr Nami is criticizing the administration of his predecessor, […]
The Federal Inland Revenue Service says it is rolling out palliatives to cushion the effects of COVID-19 on Nigeria’s taxpayers. FIRS chairman, Muhammad Nami in a statement said that following the Federal Government’s lockdown of FCT, Lagos, and the Ogun States on 29th March 2020 as one of the measures to contain the spread of […]
As the COVID-19 19 pandemic continues to affect the global economy, the Federal Inland Revenue Service (FIRS) has received accolade for surpassing target revenue for the first quarter of 2020. The Buhari Media Organisation (BMO) on Subday commended FIRS Chairman, Muhammad Nami and its management team for recording 10.4 per cent increase in its collection […]