Despite the national and global economic upheaval caused by the COVID-19 pandemic, the Federal Inland Revenue Service (FIRS) has continued to record significant increase in collectable tax revenue from the …
Tax
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BusinessFeatures
(Opinion) Covid-19 pandemic and the Nigerian tax policy responses
by editorby editorBy Oluwole Osagie–JacobsIt is common knowledge that the Nigerian economy is passing through perilous times. The economy which is the engine of the government has dipped precipitously due to the …
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BusinessNews
Updated: Revenues fall everywhere; but not so for Nigeria’s tax ‘man’, exceeds target by 10.4.% increase in Q1
by editorby editorIs it really possible? What is responsible for the magic? In spite of turbulence in the global economic system, especially the sharp fall in the price of Nigeria’s major export …
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The Federal Inland Revenue Service (FIRS) expects to rake in N4 trillion as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year. Executive Chairman, …
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Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has charged the Nigerian elites to be exemplary taxpayers to the rest of the population by making full disclosure of …
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BusinessNews
It is wrong of ECO Bank to pay N5.5b dividends while avoiding tax of Tax N1.6 billion to FIRS, says Tribunal
by editorby editorThe Tax Appeal Tribunal, Lagos Zone has declared as illegal, null and void the decision of ECO Bank Nigeria Limited to pay N5,545,000,000 as dividends to its shareholders in a …
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The Tax Appeal Tribunal, Lagos Zone has ruled as lawful an assessment in additional tax liability of N1.738,481,875.33 issued to Prime Plastichem Nigeria Limited (PPNL) by the Federal Inland Revenue …
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The Federal Inland Revenue Service (FIRS Tuesday served a 7-day notice to tax defaulters, with a warning that it will soon begin a nationwide tax enforcement to bring tax defaulters …
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By Ruona Isikeh (NAN) The Edo Government has sealed some offices at the University of Benin, including the Office of the Vice Chancellor, over alleged tax evasion. News Agency of …
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BusinessNews
FIRS staff, Emmanuel Eze, does Nigeria proud, wins Africa tax writing competition
by editorby editorEmmanuel Eze, a Nigerian with the Federal Inland Revenue Service (FIRS, Nigeria) has won a continental tax essay competition organised by the African Tax Administration Forum (ATAF) for 2019. He …