Tax
IMF Pledges Support for FIRS Amid Ongoing Tax Reforms
The International Monetary Fund (IMF) has pledged continued support for the Federal Inland Revenue Service (FIRS) as it advances its...
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Nigeria, Netherlands Begin Renegotiation of Double Taxation Agreement
The Federal Inland Revenue Service (FIRS) and the Kingdom of the Netherlands have officially begun the renegotiation of the Double...
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FIRS, RMAFC Launch Joint Committee to Bolster Tax Revenue Monitoring and Fiscal Stability Across Nigeria
As part of efforts to strengthen Nigeria’s fiscal framework and enhance the efficiency of revenue mobilization, the Federal Inland Revenue...
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FIRS Introduces Central Payment System to Streamline Tax Remittance for States
The Federal Inland Revenue Service (FIRS) has announced the introduction of a centralized payment system designed to simplify tax remittance...
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FIRS Generates N3.94 Trillion Tax Revenue in Q1 2024, Falls Short of Target
Dr. Zacch Adedeji, the Executive Chairman of the Federal Inland Revenue Service (FIRS), revealed yesterday that the service generated a...
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Tax Reforms: To Exempt 95% of Informal Sector – FG
In a bid to bolster economic inclusivity and support small businesses, the Federal Government of Nigeria has proposed new tax...
Read moreFIRS Introduces Self-Registration Module to Simplify Tax Registration Process
In a bid to streamline tax processes and enhance customer convenience, the Federal Inland Revenue Service (FIRS) has announced the...
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NNPCL to Prepay Future Royalties and Taxes in $3.3bn Financing Deal with Afreximbank
The Nigerian National Petroleum Company Limited (NNPCL) has revealed its intention to prepay future royalties and taxes to the Federal...
Read morePresidential Committee Advocates Suspension of Low-Revenue ‘Nuisance Taxes’ in Collaboration with State Governors
The Presidential Committee on Fiscal Policy and Tax Reforms is in talks with state governors to seek an agreement for...
Read moreFIRS suspends Implementation of VAT guidelines Simplifies Compliance Regime for Non-Resident Suppliers of Low-Value Goods
The Federal Inland Revenue Service (FIRS) has officially announced the postponement of the implementation guidelines for the value-added tax (VAT)...
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