N6trn tax collection: MPAN lauds FIRS, top 20 tax compliance companies The Multimedia Publishers Association of Nigeria (MPAN), has commended the performance of the Federal Inland Revenue Services (FIRS). Gambo Jagindi, National Chairman of MPAN, gave the commendation in a statement on Friday, in Abuja. Jagindi said the FIRS, under …
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The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria. This decision is contained in a Public Notice, signed by its Executive Chairman, Muhammad Nami, where the tax authority …
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The Federal Inland Revenue Service (FIRS) has recommended that tax compliance should be a prerequisite for clearing aspirants to contest elective positions. This recommendation was made by Muhammad Nami, executive chairman, FIRS and chairman, Joint Tax Board (JTB) on Tuesday at a meeting with the Independent National Electoral Commission (INEC) in …
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The Chartered Institute of Taxation of Nigeria (CITN) has been urged to support the Federal Inland Revenue Service (FIRS) in its drive towards full digitalisation of tax administrative processes. Vice President Yemi Osinbajo SAN made this call in his speech at the Chartered Institute of Taxation of Nigeria’s (CITN) 24th …
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Questions Mount over MTN’s Alleged Payment of N618.7bn Taxes to FIRS MTN Nigeria Communications Plc’s claim that it paid the sum of N618.7 billion in both direct and indirect taxes to the Federal Inland Revenue Service (FIRS) in 2021 has continued to raise dusts in public quarters, THISDAY can report. …
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Taxpayers who have outstanding foreign currency tax liabilities can now take advantage of the Federal Inland Revenue Service (FIRS) one-month window to settle these liabilities in Naira, with effect from the 1st of March, 2022, to 31st March, 2022, this is according to a Public Notice released by the Service …
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The Executive Chairman of the Federal Inland Revenue Service, (FIRS) has received encomiums from the Global Economic Policy Initiative (GEPIn) for what the group describes as “fiscal prudence over the affairs of the FIRS, and ensuring maximum efficiency with minimal resources.” In a statement shared to the media by the …
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The experience of COVID-19, especially in developing nations with dependent oil resources like Nigeria, has further heightened the call for the diversification of revenue sources. Oil benchmark prices dropped below zero, forcing producers to pay off-takers because of the compounding demurrage from warehouses. Nigeria has not hidden its desire to …
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The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with taxpayers and key stakeholders to ensure adequate funding of the country’s budget and raise the requisite financing for national development. This was stated by the Executive Chairman of …
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To increase voluntary tax compliance, the management of the Federal Inland Revenue Service (FIRS) has introduced “Self-Service Stations” where taxpayers can file tax returns, pay taxes, apply for and validate Tax Clearance Certificates among other services, by themselves on online platforms located in FIRS tax offices across the country. This …
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