Tag Archives: taxation

It is the norm in every society, for the authorities and the people to have what is loosely referred to as a social contract or an implicit agreement. It is a theory that is as old as humanity itself and it presupposes that a people’s moral and political obligation depends …

A bill for an Act to establish the Nigeria College of Taxation and Fiscal Studies passed its Second Reading last week at the Senate. The presentation of the Bill was made by Senator Abdullahi Aliyu Sabi CON on the floor of the Senate Tuesday last week, where he noted that …

The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the Bonny – Bodo Road, in Rivers …

On repeated occasions, the Federal Inland Revenue Service (FIRS) has cautioned the general public to be vigilant and circumspect not to deal with scam artists who pose as recruitment agents for the Service and collect vast sums of money from unsuspecting victims with the promise to provide them employment. Again, …

Although taxes now seem to be the main revenue source of the government, it would need even more attention to become the new oil as the amount generated from the source remains low relative to government spending For the first time in nearly half a century, non-oil revenue usurped petrodollars …

The Executive Chairman of the Federal Inland Revenue Service (FIRS) Muhammad Nami has called on professional bodies in the regulation of tax practice to lead conversations on matters of tax policy and tax laws in the country. Mr. Muhammad Nami made the call yesterday while hosting a meeting of the …

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 …

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 …

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 …

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has implored the media in Nigeria to make taxation a social responsibility issue. Mr. Nami said this yesterday at a media colloquium and public presentation of a book titled, The Spokesman, written by a journalist, Kelechi Okoronkwo. Nami …