FIRS

Tinubu Retires Nami, Appoints Zacch Adedeji FIRS Acting Executive Chairman

September 14, (THEWILL) - President Bola Tinubu has approved the appointment of Zacch Adedeji as the new Acting Executive Chairman of the Federal Inland Revenue Service (FIRS). A statement issued on Thursday, by Ajuri Ngelale, Special Adviser to the...

FIRS Cautions Shipping Companies On Tax Regularisation

August 22, (THEWILL) - The Federal Inland Revenue Service (FIRS) has urged all international shipping companies operating in the Nigerian territorial waters to regularise their tax positions immediately. A public notice signed by the Executive Chairman, FIRS, Muhammad Nami,...

FIRS Rakes In Record N5.5trn In Six Months

July 21, (THEWILL) - The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. Executive Chairman of the Service, Muhammad Nami, said it...

FIRS Partially Extends Deadline For Submission Of CIT Returns

July 11, (THEWILL) - The Federal Inland Revenue Service (FIRS) has extended the deadline for companies whose year of assessment for Company Income Tax (CIT) returns falls between June 30 and August 31, 2023. A statement signed by Muhammad...

Traders, Artisans, Others to Pay VAT as FIRS Moves to Deepen Taxing of Informal Sector

July 04, (THEWILL) - The Federal Inland Revenue Service (FIRS) has announced its plan to collect and remit Value Added Tax (VAT) from traders, especially those in the informal sector. This will be achieved in partnership with the Market Traders...

Access Bank Sets the Pace, Launches First Issuance of American Express Cards in Nigeria

June 14, (THEWILL) - In maintaining its leadership status as Nigeria’s most innovative bank, Access Bank (https://www.AccessBankPlc.com/) has unveiled two new consumer credit cards: the Access Bank American Express Gold Card and the Metal Platinum Card. These are the...

FIRS, LIRS Issue Public Notice on Joint Tax Audit, Investigation

The Federal Inland Revenue Service (FIRS) and the Lagos Internal Revenue Service (LIRS) have issued a public notice regarding the Memorandum of Understanding (MoU) signed by both agencies on February 6, to establish a Joint FIRS and LIRS Audit...

Nigeria’s Tax-to-GDP Ratio Rose to 10.86% in 2021 — FIRS

June 02, (THEWILL) - The Federal Inland Revenue Service (FIRS) has disclosed that Nigeria’s Tax-to-GDP ratio which, in the previous 12 years, hovered between 5 to 6 percent, rose to 10.86 percent by the end of 2021. It said the...

FIRS Extends Due Date For Filing VAT Returns

May 21, (THEWILL) – The Federal Inland Revenue Service (FIRS), has extended the due date for filing value-added tax returns from May 21, 2023, to May 31, 2023. A statement signed by its Executive Chairman, Muhammad Nami, said the Service...

Muhammed Nami Wins ICAN Merit Award

Muhammed Nami, the Executive Chairman, of Federal Inland Revenue Service (FIRS), has won the Institute of Chartered Accountants of Nigeria (ICAN) Merit Award 2023 in the award's non-members category. The Governing Board of ICAN gave Nami the merit award...
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Over 10,000 Nigerians Killed, Hundreds Of Villages Sacked By Gunmen Under Tinubu – Amnesty

Amnesty International says at least 10,217 people were killed in attacks by gunmen across seven states during the...
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