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Tag "FIRS"

‘It will be counterproductive’ — ex-NIMASA DG opposes proposed merger with FIRS, customs

    ‘It will be counterproductive’ — ex-NIMASA DG opposes proposed merger with FIRS, customs

Ade Dosunmu, former director-general of the Nigerian Maritime Administration and Safety Agency (NIMASA), says the proposed merger of the agency with the Nigerian Customs Service (NCS) would be “counterproductive with

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FIRS, LIRS set up joint tax audit team to cut compliance costs

    FIRS, LIRS set up joint tax audit team to cut compliance costs

The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have signed a memorandum of understanding (MoU) to establish a joint audit and investigation team (JAIT). In

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Deductions on life insurance, 10% tax on digital assets… highlights of 2023 finance act

    Deductions on life insurance, 10% tax on digital assets… highlights of 2023 finance act

To sustain the steam in its efforts to ramp up revenue generation, the federal government has introduced some changes in taxes and excise duties following the amendment of the new

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OECD: How Nigeria can maximise benefits of two-pillar tax solution

    OECD: How Nigeria can maximise benefits of two-pillar tax solution

The Organisation for Economic Co-operation and Development (OECD) and Nigerian representatives have outlined how the country can maximise the benefits of two-pillar tax solution. The recommendations were made at a

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NEPZA: Free trade zones scheme generated N35bn as customs duty in 2021

  NEPZA: Free trade zones scheme generated N35bn as customs duty in 2021

The Nigeria Export Processing Zones Authority (NEPZA) says the country’s free trade zones (FTZs) scheme generated a total of N35.1

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Nami: Why tax administrators should possess tech skills

  Nami: Why tax administrators should possess tech skills

Muhammad Nami, president of the Commonwealth Association of Tax Administrators (CATA), says tax managers must stay relevant and equipped with

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NBS: Nigeria generated N697bn from VAT in Q4 — up by 11% from Q3

  NBS: Nigeria generated N697bn from VAT in Q4 — up by 11% from Q3

The National Bureau of Statistics (NBS) says Nigeria generated N697.38 billion as the aggregate revenue from value-added tax (VAT) in

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FIRS taxation template, a global model, says group

  FIRS taxation template, a global model, says group

The Global Economic Policy Initiative (GEPiN), a non-governmental organisation working in the areas of public finance and economy, has said

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FIRS, Lagos sign MoU to establish joint tax audit system

  FIRS, Lagos sign MoU to establish joint tax audit system

The Federal Inland Revenue Service (FIRS) has signed a memorandum of understanding (MoU) with Lagos to establish a joint tax

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FIRS raked in N10.1trn as revenue in 2022 — ‘highest in agency’s history’

  FIRS raked in N10.1trn as revenue in 2022 — ‘highest in agency’s history’

The Federal Inland Revenue Service (FIRS) says it generated over N10 trillion as tax revenue in the year 2022. Johannes

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