FIRS

The federal government is seeking $81 billion in compensation from Binance Holdings Limited over alleged economic losses linked to its operations in Nigeria. According to Nairametrics, the federal government claimed that Binance…

Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), says the newly inaugurated national single window (NSW) project is a catalyst for achieving an average gross domestic product (GDP) growth rate of 7 percent annually…

The Christian Association of Nigeria (CAN) has demanded a public apology from the Federal Inland Revenue Service (FIRS) over an Easter advert which the Christian body said it deemed offensive. The FIRS, in an X (formerly Twitter)…

Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), has asked foreign shipping companies lifting crude oil from Nigeria to adhere to the country’s tax laws. Adedeji spoke on Monday at a workshop on taxation of…

The Federal Inland Revenue Service (FIRS) says it generated N5.5 trillion as tax revenue in the first half of 2023. In a statement on Thursday, Johannes Oluwatobi Wojuola, special assistant on media and communication to the chairman…

The VAT Direct Initiative, a plan to enable the government to collect Value Added Taxes from the informal sector and decrease various taxes in the informal economy, was announced by the Nigerian government through the Federal Inland…

Federal Inland Revenue Service (FIRS) has started the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution. In a Public Notice signed by its…

Rivers State government has approached the Supreme Court to challenge the ruling of the Court of Appeal in Value Added Tax (VAT) collection dispute between the state and Federal Inland Revenue Service (FIRS). According to ChannelsTV, a…

Court of Appeal sitting in Abuja has ordered all the contending parties to maintain the status quo on the collection of Value Added Tax (VAT) pending the determination of the appeal filed before Federal Inland Revenue Service (FIRS). The…

Rivers State Governor, Nyesom Wike, has on Wednesday insisted on moving ahead with his plan to stop the Federal Government from collecting Value Added Tax (VAT) from the oil-rich South-South state. VAT is a consumption tax paid when…

Federal Government has apologised for misleading information asking all account holders in the country’s financial institutions to register their details again. MDB reports that the FG on Thursday directed individuals who…

Nigerian Postal Service has said its stamp duty account was opened by the Central Bank of Nigeria (CBN) under the Treasury Single Account. This is in response to Federal Inland Revenue Service’s claim that the postal service agency…

Federal Inland Revenue Service (FIRS) has denied depriving the Nigeria Postal Service (NIPOST) of discharging its duties. This was disclosed in a statement signed by the agency’s spokesperson, Abdullahi Ahmad, on Tuesday. On Monday,…

Maimuna Abubakar, board chairman of the Nigerian Postal Services (NIPOST), has accused the Federal Internal Revenue Service (FIRS) of stealing the agency’s mandate. This further heightens the contention that has been between the FIRS…

Federal Inland Revenue Service (FIRS) has issued a clarification on stamp duty rates for rents and leases, following public outrage. Last week, the agency announced a 6% percent stamp duty rates on rents and leases, which sparked an…