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FIRS does not grant tax waivers to local, foreign investors -Nami

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The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has disclosed that the Service did not grant any tax waivers to any local...

Senate Passes Bill To Restrict NIPOST To Postal Operations

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According to a report by The Nation, the Senate on Tuesday passed the Nigerian Postal Service (Repeal and Reenactment) Bill, 2021, which effectively restricted...

Reps summon NNPC, CBN, FIRS, EFCC, others over illicit financial flows

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The House of Representatives has resolved to invite various departments and agencies of the Federal Government over illicit financial flows in Nigeria to review...

‘How ex-governors, others acquired 800 Dubai assets’

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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...

FG admits revenues crashing, says Nigeria faces hard times

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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...

States face cash crunch, salaries swallow revenues, Federal Govt seeks more...

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Two top officials of the Muhammadu Buhari regime on Wednesday indicated that the country urgently needed more funds to run government and provide basic...

Shell’s Annual Payment To Nigerian Govt Hits 6-year Low

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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...

FIRS Condemned for Budgeting N1.4 Billion for Refreshment

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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...

FIRS Condemned for Budgeting N1.4 Billion for Refreshment

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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...

FIRS, Customs target N7.365tr revenue in 2021

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The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) yesterday told the House of Representatives that they both expect to contribute...

Experts, Stakeholders Canvass Tax Automation At FIRS’ Dialogue

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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

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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...

Air fares to drop following VAT removal

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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...

FIRS creates 35 audit units to Tackle illicit financial flows

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In a bid to stem the tide of illicit financial flows out of Nigeria and improve tax compliance rate in the country, the Federal...

Maina Bought $2m Mansion In Abuja – Witness Tells Court

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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

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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...

Babatunde Fowler Returns To EFCC After N9.2bn Was Traced To His...

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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

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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

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The House of Representatives has accused the Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, of refusing to respond to...

Senate passes 2021-2023 MTEF/FSP

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…As Lawan cautions FG on borrowing to fund projects …Advocates merger of agencies to reduce cost of governance By Chibuike Nwabuko Abuja (Sundiata Post) -  Senate has...