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Tag "Federal Inland Revenue Service"

FIRS will leverage on finance act to achieve adequate budget funding, says Nami

    FIRS will leverage on finance act to achieve adequate budget funding, says Nami

The Federal Inland Revenue Service (FIRS) says it would use the instrumentality of the Finance Act 2021 to ensure adequate funding of the country’s budget and raise the requisite financing

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Muhammad Nami: Patriot, numbers guy, and tax icon at 54

    Muhammad Nami: Patriot, numbers guy, and tax icon at 54

BY JOHANNES OLUWATOBI WOJUOLA In Nigeria, a 54-year-old could pass for a young man; the political milieu is awash with oldies in their 60s still hustling and bustling. Those in

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Did FIRS really record N6.4trn revenue in 2021?

    Did FIRS really record N6.4trn revenue in 2021?

The Federal Inland Revenue Service (FIRS) said it generated N6.4 trillion revenue in 2021, representing over a hundred percent of its collection target. Was this the true value of its

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NBS: VAT revenue dropped by 11bn to N500bn in Q3 2021

    NBS: VAT revenue dropped by 11bn to N500bn in Q3 2021

The total value-added tax (VAT) collected on behalf of the federation decreased by N11.75 billion within three months to N500.49 billion in the third quarter of 2021. The National Bureau

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FIRS to state assemblies: You need to give attention to tax matters

  FIRS to state assemblies: You need to give attention to tax matters

Muhammad Nami, executive chairman of the Federal Inland Revenue Service (FIRS), has asked state assemblies to give greater attention to

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Appeal court orders Rivers, Lagos to maintain status quo over VAT collection

  Appeal court orders Rivers, Lagos to maintain status quo over VAT collection

The court of appeal in Abuja has ordered both Rivers and Lagos states to maintain status quo over the collection

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Rivers: VAT collection to begin before end of September

  Rivers: VAT collection to begin before end of September

The Rivers state government has informed oil companies, banks that the VAT collection will commence in September 2021 and advised

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FIRS to Lagos: We’ll continue to collect VAT until appeal court decides on legal dispute

  FIRS to Lagos: We’ll continue to collect VAT until appeal court decides on legal dispute

The Federal Inland Revenue Service (FIRS) says it will continue to collect Value Added Tax (VAT) from businesses operating in

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Rivers judgement: Continue to pay VAT to us, FIRS tells taxpayers

  Rivers judgement: Continue to pay VAT to us, FIRS tells taxpayers

The Federal Inland Revenue Service (FIRS) has directed taxpayers in the country to continue to pay value-added tax (VAT) to

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FIRS mulls establishment of federal revenue court

  FIRS mulls establishment of federal revenue court

The Federal Inland Revenue Service (FIRS) is seeking the establishment of a federal revenue court. This is contained in a

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