Shell’s Annual Payment To Nigerian Govt Hits 6-year Low
The payment made to the Federal Government by Shell companies in Nigeria plunged by 42.45 per cent in 2020 to the lowest in six years. […]
Federal Inland Revenue Service
FIRS Condemned for Budgeting N1.4 Billion for Refreshment
The Federal Inland Revenue Service (FIRS) has been lambasted by several civil society organisations over N1.4 Billion budgetted for meals and refreshments in the 2021 […]
FIRS Condemned for Budgeting N1.4 Billion for Refreshment
The Federal Inland Revenue Service (FIRS) has been lambasted by several civil society organisations over N1.4 Billion budgetted for meals and refreshments in the 2021 […]
FIRS, Customs target N7.365tr revenue in 2021
The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) yesterday told the House of Representatives that they both expect to contribute about […]
Experts, Stakeholders Canvass Tax Automation At FIRS’ Dialogue
ABUJA – The Federal Government has been advised to explore data and intelligence in order to ease tax collection and improve its revenue base. Tax […]
FIRS earns N4.9tr meets 98% tax target in 2020
ABUJA (Sundiata Post) – The Federal Inland Revenue Service (FIRS) collected N4,952,243,711,728.37 in total tax revenue in the year 2020. This landmark achievement represents approximately […]
Air fares to drop following VAT removal
Airlines are planning to reduce fares in response to the removal of 7.5 per cent Value Added Tax (VAT). The suspension of VAT from air […]
FIRS creates 35 audit units to Tackle illicit financial flows
In a bid to stem the tide of illicit financial flows out of Nigeria and improve tax compliance rate in the country, the Federal Inland […]
Maina Bought $2m Mansion In Abuja – Witness Tells Court
A witness has revealed how Abdulrasheed Maina, former chairman, Pension Reform Task Team, (PRTT) used stolen money to buy $2 million property in Abuja. This […]
Income Tax Revenue Lags Behind Fed Govt Projections
Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a 25.3 […]
Babatunde Fowler Returns To EFCC After N9.2bn Was Traced To His Account
A former Federal Inland Revenue Service boss, Babatunde Fowler is still answering questions over billions traced to his account. According to DailyPost, Fowler on Monday […]
Fed Govt Considers Another Tax Exemption For Small Businesses
The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. This was disclosed by […]
House Panel Demands NNPC’s Response To Alleged $20.3bn Withdrawals
The House of Representatives has accused the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, of refusing to respond to an […]
Senate passes 2021-2023 MTEF/FSP
…As Lawan cautions FG on borrowing to fund projects …Advocates merger of agencies to reduce cost of governance By Chibuike Nwabuko Abuja (Sundiata Post) – […]
Nigeria: Sale of assets as dangerous policy myopia? By Chukwuma Soludo
I have just read the wide media coverage regarding the recommendations of the National Economic Council (NEC) as well as the Senate on the […]
Self-Certification Forms for non-residents, says FIRS
Only non-residents and other persons who have a residence for tax purposes in more than one jurisdiction or Country are expected to complete the Self-Certification […]
Non-oil tax revenue up as reforms take root at FIRS
ABUJA (Sundiata Post) – Despite the national and global economic upheaval caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) has continued to […]
2021 Budget: Senate to bar FIRS, Customs, NBC, 57 others from getting allocation
Abuja (Sundiata Post) – Barring any last-minute changes, the Senate is set to advise the Federal Ministry of Finance, Budget and National Planning to exclude […]
No N200b missing in NTA-StarTimes — Official
The management of NTA-Star TV Network Ltd. says no N200 billion revenue is missing from its finances in the course of its operations. The company […]
FIRS raises alarm pioneer tax relief racket
ABUJA (SundiataPost) – The Federal Inland Revenue Service (FIRS) has decried a systemic abuse of the pioneer incentive scheme instituted by the Federal Government, which […]