Budgets CBN, FIRS, Others The House of Representatives has called on the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS) and other statutory bodies of the Federal Government to emulate the Nigerian National Petroleum Corporation, by making their finances open to the National Assembly for scrutiny and approval. Chairman of the House Committee … Read more
The Federal Inland Revenue Service (FIRS) says some taxpayers have failed to capitalise on the measures introduced to mitigate the impact of the COVID-19 pandemic on businesses and economy. Muhammad Nami, executive chairman of FIRS, made this known in a statement on Monday. Nami said the service noted that despite series of palliatives for waivers … Read more
FIRS Between 2004 and 2012, Ifueko Omogui Okauru led a revolutionary campaign in the Federal Inland Revenue Service (FIRS). Under her leadership during the period, FIRS witnessed extensive reforms and fundamental transformation. In a paper titled: “Transforming the Public Sector in Nigeria: Lessons from my leadership of the Federal Inland Revenue Service” she delivered at … Read more
The Nigerian Postal Service (NIPOST) has refuted claims by the the Federal Inland Revenue Service (FIRS), that it was operating an illegal Stamp duty account. The service disclosed that its stamp duty account was legal as it was opened by the Central Bank of Nigeria under the Treasury Single Account (TSA), in consultation with the … Read more
The Federal Inland Revenue Service (FIRS) has extended the deadline for filing of returns in a number of tax categories. It said it has granted a further one-week extension from July 31, 2020 deadline for companies with December accounting year end to file their year 2020 annual Income Tax Returns. Its Director, Communications and Liaison … Read more
The introduction of stamp duty for house rent has ruffled feather and engendered public outcry. In its bid to calm frayed nerves and correct the misinterpretation of the new tax, the Federal Inland Revenue Service (FIRS) on Monday issued a statement making clarification on the controversial policy. The service said the stamp duty charge on … Read more
The newly constructed office block for Federal Inland Revenue Service (FIRS) Area office branch in Katsina has been gutted by fire was on 20, July Monday afternoon. The fire was said to have occurred at the office complex located directly opposite, Muhammadu Dikko Stadium at about 12.08 pm. READ ALSO: [Update] NDDC Probe: Heavy Security … Read more
The Federal Government says it has generated as stamp duty revenue a total of N66 billion between January and June 2020. Confirming this report into the inauguration of the inter-ministerial committee on audit and recovery of back years stamp duties, the Chairman of the Federal Inland Revenue Services, Muhammad Nami, the Finance Act has mandated the … Read more
The Federal Inland Revenue Service (FIRS) said it would rake in four trillion naira as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. The FIRS made this known in a statement issued by Abdullahi Ahmad, Director, Communications and Liaison Department in the service in Abuja on Tuesday. The … Read more
The Federal Inland Revenue Service (FIRS) has served a seven-day notice to tax defaulters across the country. The Head, Communications and Servicom Department, Wahab Gbadamosi, made this known in a statement in Abuja on Tuesday. Mr Gbadamosi said the Acting Executive Chairman of FIRS, Abiodun Aina, announced this in a notification letter to taxpayers on … Read more
President Muhammadu Buhari is yet to decide the fate of the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler four days to the end of his tenure as chairman of the revenue agency. It was gathered that as of Tuesday no letter requesting for tenure renewal for the FIRS boss was sent to … Read more
– Erstwhile Deputy national Publicity secretary of APC,Timi Frank told FIR to stop deceiving Nigerians – Yemi Osinbajo’s trouble with the presidency began when it was discovered that he mismanaged N90 billion – Wahab Gbadamosi, debunked the claim, saying the service’s annual allocation is not up to that amount Former Deputy national Publicity secretary … Read more
Barring any last minute delay, the Technical Committee of the National Tax Policy Implementation Committee (NTPIC) will soon present a Finance Bill and Policy Note to the Minister of Finance and Budget Planning. Indication to this was disclosed at the second sitting of the committee, Tuesday at the Federal Inland Revenue Service (FIRS), Headquarters in … Read more