FIRS appoints banks to freeze and recover N1.8trn from Multichoice
ABUJA – The Federal Inland Revenue Service (FIRS) has appointed some commercial banks as agents to recover the sum of N1.8 trillion from accounts of […]
Federal Inland Revenue Service
Historic tax haul! FIRS rakes In N650bn in June
ABUJA – The Federal Inland Revenue Service has raked in over N650 billion in June 2021, the highest revenue realised in a single month since […]
FIRS secretly recruited 2,000 workers, agency under financial pressure –NCSU
The Nigerian Civil Service Union has said the secret recruitment of over 2,000 workers has put the Federal Inland Revenue Service under financial strain. The […]
FG, states, LGs share N605.95bn in May
The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and […]
FIRS does not grant tax waivers to local, foreign investors -Nami
The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has disclosed that the Service did not grant any tax waivers to any local or […]
Senate Passes Bill To Restrict NIPOST To Postal Operations
According to a report by The Nation, the Senate on Tuesday passed the Nigerian Postal Service (Repeal and Reenactment) Bill, 2021, which effectively restricted the […]
Reps summon NNPC, CBN, FIRS, EFCC, others over illicit financial flows
The House of Representatives has resolved to invite various departments and agencies of the Federal Government over illicit financial flows in Nigeria to review Nigeria’s […]
‘How ex-governors, others acquired 800 Dubai assets’
No fewer than 35 past and present governors and 299 former office holders in Nigeria have been linked with multi-billion choice properties in London and […]
FG admits revenues crashing, says Nigeria faces hard times
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Monday admitted that Nigeria’s economy was facing a difficult time, saying states must improve […]
States face cash crunch, salaries swallow revenues, Federal Govt seeks more funds
Two top officials of the Muhammadu Buhari regime on Wednesday indicated that the country urgently needed more funds to run government and provide basic amenities […]
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. […]
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 […]