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Federal Inland Revenue Service
The Federal Inland Revenue Service has sacked all Directors in its employ who have served for eight years and above.
The Domestic Tax Operation Group (DTOG) of the Federal Inland Revenue Service (FIRS) has assured the Management and Board of the Service that it will strive to achieve its N8.5trillion revenue target.
The Federal Inland Revenue Service (FIRS) in January 2020 collected tax revenue of N338.1 billion as against a tax target of N620.2 billion.
The Federal Inland Revenue Service (FIRS) has stated that no member of its staff tested positive to COVID-19 as being peddled on social media.
The Federal Inland Revenue Service (FIRS) has unveiled a new Electronic and Automated platform for taxpayers to file transfer pricing declaration and disclosures with a view to block leakage in tax collection in the country.
The Nigeria Extractive Industries Transparency Initiatives (NEITI) said on Sunday the country earned N69.47 billion from the Solid Mineral sector in 2018.
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has cautioned Ministries, Departments and Agencies MDAs to desist from spending at source revenues collected on behalf of the Federal Government
Niger State Governor and Chairman, North Central Governors’ Forum, Abubakar Sani Bello, has said that there is an urgent need for the diversification of the Nigerian economy as a result of the volatility in the global price of crude oil.
Chairman, Federal Inland Revenue Service, FIRS, Mohammed Nami, on Monday, said some staff the of the Service across the country were graduates of engineering, law and other disciplines not related to tax.
The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over alleged racketeering in the allocation of foreign exchange to companies.
For a while, the sports betting industry in Nigeria has been rife with the news that the Federal Inland Revenue Service (FIRS) had concluded plans to introduce the 7.5% value-added tax to betting activities within the country. Under the proposed plan, punters placing a bet of 1,000 Naira would have had to pay 1,075 Naira to capture the 7.5% VAT.
The Tax Appeal Tribunal has declared as illegal, null and void the decision of Ecobank Nigeria Limited to pay N5, 545,000,000 as dividends to its shareholders in 2016.
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 Service (FIRS) as the correct income tax which the PPNL should pay on its profit for doing business in Nigeria under the provisions of Transfer Pricing Regulation No1 2012.
The Federal Inland Revenue Service, FIRS, is seeking the cooperation of the Lagos Inland Revenue Service, LIRS, to realise its N8.5 trillion revenue target to fund the 2020 budget.
Lagos lawyer, Femi Falana, SAN, Wednesday, called on Nigerians paying ransom to secure freedom for their abducted loved ones to feel free to approach the courts to compel the federal government to refund same because in his words, the responsibility for protecting lives and properties lies squarely with government.
The Comptroller General of the Nigerian Customs Service, Hameed Ali, has failed to appear before the Senate Committee on Public Accounts despite several summons.
The Nigerian Medical Association (NMA) has rejected the planned arrival of a Chinese medical team to assist the country in its coronavirus (COVID-19) response.
Nigeria has confirmed eight new cases of Coronavirus, bringing the total national figures to 232 cases.
Shenzhen, a city in southeastern China, has become the first city in the country to ban the consumption of pets, such as cats and dogs, CNN has reported.
As at 09:30 pm 5th April there are 232 confirmed cases of #COVID19 reported in Nigeria. Thirty-three have been discharged with five deaths.
UK Prime Minister Boris Johnson has been admitted to hospital over his coronavirus infection.
The coronavirus pandemic has put the spotlight on shortcomings in health care in several North African countries, even as governments moved quickly to announce restrictions to limit the spread of the virus.
The coronavirus pandemic may lead to a global shortage of Condom, the world’s largest producer of condoms, Karex Bhd, has said.
Some drugs are showing promise for the treatment of coronavirus (COVID-19) but more research is needed before drawing conclusions, a WHO official has said.
A forest fire in southwest China killed 18 firefighters and one other person, Chinese state broadcaster, CCTV, reported on Tuesday.
Toyota Nigeria Limited, on Thursday, said it has collaborated with its foremost dealer, Elizade Nigeria Limited, to donate three units of ambulances to Lagos State Government in support of the fight to eradicate the COVID-19 from the state.