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FG partners market association to collect VAT from 40m traders

    FG partners market association to collect VAT from 40m traders

The Federal Inland Revenue Service (FIRS) says it has partnered with the Market Traders Association of Nigeria (MATAN) for the easy collection of value-added tax (VAT) from its members —

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FIRS set to implement new VAT filing procedures for suppliers, importers

    FIRS set to implement new VAT filing procedures for suppliers, importers

The Federal Inland Revenue Service (FIRS) has provided updates on the implementation of the input value-added tax (VAT) filing procedures via its administration solution, TaxPro-Max. TaxPro-Max enables seamless registration, filing,

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‘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

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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

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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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