FIRS unveils new slogan, recommits to simplifying tax Barbara Bako, Abuja. The Federal Inland Revenue Service, FIRS, has inaugurated Customer Service Optimisation Committee to promptly address enquiries by taxpayers. The Service has also unveiled a new slogan “Simplifying Tax, Maximising Revenue” which will be replacing the previous “It Pays To Pay Your Tax” slogan. According…
The Federal Inland Revenue Service, FIRS, has called for synergy between the agency and the Economic Financial Crimes Commission (EFCC) in tracking and reporting local and trans-border financial transactions of companies, multinationals and high-net-worth individuals. Chairman of FIRS, Zacch Adedeji, made the call when he visited the Executive Chairman of the anti-graft agency, Ola Olukoyede,…
Barbara Bako, Abuja. The chairman, Federal Inland Revenue Service, FIRS, Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge in Lagos at a workshop on taxation of non-resident shipping companies organised by FIRS in conjunction with Oil…
FIRS forecloses tax rate increase over proposed 18% tax-to-GDP growth By Barbara Bako, Abuja Acting chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has foreclosed increase in tax rate over it plan to grow the country’s tax-to-GDP ratio. FIRS had hinted at the federal government’s efforts at achieving tax-to-GDP ratio of 18 per…
Federal Inland Revenue Service, FIRS, has issued a five-month ultimatum to international shipping lines in Nigeria to comply with the tax obligations imposed by extant tax laws. Executive Chairman of FIRS, Muhammad Nami, in a statement on Monday said The Service observed that many international shipping lines have not complied with the tax obligations despite…
The Federal Inland Revenue Service, FIRS, has recorded N5.5 trillion revenue collection from January to June, 2023. This was disclosed by the Executive Chairman of the FIRS, Muhammad Nami, during the presentation of the 2023-2024 tax revenue outlook to the National Economic Council on Thursday in Abuja. This is the highest tax revenue collection ever…
The Federal Inland Revenue Service, FIRS, has launched a technologically driven initiative that enables collection of Value Added Tax, VAT, by Market Traders Association of Nigeria, MATAN, and other informal sector operators to curb multiple taxation at the grassroots. The association, with a membership of over 40 million traders across the country, is the biggest…
