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FIRS: Nigeria’s Tax-To-GDP ratio rises to 10.86%

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ABUJA (Sundiata Post) - Nigeria’s Tax-to-GDP ratio, which in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end...

Nami, FIRS boss wins ICAN Merit Award; named winner of BusinessDay...

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LAGOS - The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has been named winner of the Institute of Chartered Accountants of...

OECD, Nigeria meet on maximising benefits of Two-Pillar Tax Solution

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ABUJA - A delegation from the Organisation for Economic Co-operation and Development (OECD) met with Nigerian representatives on 4th and 5th April 2023, at...

FIRS to recover unremitted tax deductions by states, local governments

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 ABUJA - The Federal Inland Revenue Service (FIRS) has stated that it will commence the process of enforcement and recovery of unremitted tax deductions...

Mixed reactions trail FG’s plan to impose tax on phone calls

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By ABUJAH RACHEAL ABUJA- A cross section of Nigerians have reacted against a new Federal Government directive to impose tax on telephone calls, according to...

FG charges Dangote Cement tax of N173.93bn for 2021; paid N97.24...

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Dangote Cement Plc has sustained its position as a leading contributor to Nigeria’s economy with a tax charge of N173.93 billion for the financial...

Access Bank Branches Sealed Over N118m Unpaid Taxes

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Access Bank branches in Gombe state have been shutdown by the government. The decision was made over the inability of the bank to settle...

Lead campaign for tax payment, FIRS boss tasks media

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The media should lead the campaign for citizens to pay taxes, as social good. The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Muhammad...

We do not seek to regulate tax practice in Nigeria –...

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The Institute of Chartered Accountants of Nigeria, ICAN has disowned claims that it seeks to regulate tax practice, among others in Nigeria. In a statement...

Borno Govt Set To Seize UN Property Over Tax Evasion

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According to a report by Daily Trust, the Borno State government on Wednesday said that it would commence the confiscation of seven properties belonging...

FIRS: Exporting a success story to the Commonwealth

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BY JOHANNES OLUWATOBI WOJUOLA  At about 11 am, on Friday, 12 November 2021, there was a buzz among tax aficionados: Muhammad Nami, the Federal Inland...

Obi Cubana released from EFCC custody, may face trial

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ABUJA - Top businessman, Obinna Iyiegbu aka Obi Cabana, on Thursday night left the headquarters of the Economic and Financial Crimes Commission after spending...

EFCC: Why Obi Cubana is still with us

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The interrogation of socialite and businessman, Obinna Iyiegbu aka Obi Cabana, entered the third day on Wednesday, without any hint of when he would...

FIRS proposes road infrastructure tax for informal sector

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ABUJA - The Federal Inland Revenue Service (FIRS) says it is proposing the introduction of road infrastructure tax in Nigeria, to make the informal...

FIRS boss seeks value for taxpayers’ money

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ABUJA - Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has called on governments at all tiers to ensure that tax-compliant...

VAT: Wike, FG and authority stealing, By Azu Ishiekwene

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The guns of Nigeria’s three-year civil war were silenced 51 years ago, but in the battle for a truly federal state, the echoes of...

FG spent 91% of revenue on debt servicing in 6 months

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The Federal government spent N2.02 trillion on debt servicing in the first six months of this year. This figure represents 90.5 per cent of the...

Dangote, MTN others to build 794km road with tax credit ...

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The Federal Government says about 794kms of road have been priotised for construction by eligible companies through Road Infrastructure Development and Refurbishment Investment Tax...

FIRS out with online, naira tax-filing platform

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ABUJA - As part of its efforts at modernising tax administration in the country, the Federal Inland Revenue Service (FIRS), has introduced a new...

Fuel Marketing Companies’ Revenue Decline By N331.54bn

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Five of the major oil marketing companies in the country saw their total revenue plunge by N331.54bn last year amid the impact of the...