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Federal Inland Revenue Service
The Minister of Finance, Budget and National Planning, Mrs Zainab Usman, disclosed in Abuja that the implementation of Value Added Tax (VAT) new rate of 7.5 per cent will commence on February 1, 2020, after all the necessary administrative procedures have been completed, especially the gazette of the Act by the Federal Ministry of Justice.
Minister of Communication and Digital Economy, Mallam Ali Pantami, yesterday, insisted that it is the duty of the Nigerian Postal Service (NIPOST) to collect Stamp Duty for the Federal government instead of the Federal Inland Revenue Service (FIRS), saying it is selfish and an injustice trying to deny NIPOST of collecting the duty
The Federal Inland Revenue Service (FIRS) has announced a new Tax Clearance Certificate (TCC) regime which will make it easier for taxpayers to obtain their clearance certificate.
The newly appointed Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, on Monday launched a veiled criticism of his predecessor in office, Babatunde Fowler, accusing his management of superintending a steady decline in revenue collection by the service since the inception of his tenure in 2015.
A law to appoint an Inspector General to enforce taxation and remittances to the Federation Account is underway in the House of Representatives.
The Presidency has said that Babatunde Fowler’s tenure as chairman of the Federal Inland Revenue Service (FIRS), was not renewed because of his inability to generate enough revenue for the country.
It was gathered that the current amendment of the Stamp Duty Act by the National Assembly according to the workers Union is being done to allow the FIRS to be the agency collecting stamp duty on electronic transactions.
The Independent Corrupt Practices and other related offences Commission, ICPC, said on Thursday it had secured a final forfeiture order against 25 Abuja properties belonging to the Shehu Yar’Adua Foundation and 24 other registered entities.
The Senate on Wednesday approved the sun of N140,383,591,000 for the Nigerian Communications Commission (NCC) for the 2020 fiscal year.
In what may be termed an aggressive move to swell government’s revenue, the Federal Inland Revenue Service (FIRS) says it will begin a nationwide tax enforcement exercise on recalcitrant tax evaders on Wednesday, December 18 (today).
Comrade Timi Frank, political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC), has distanced himself from the report of PRNigeria claiming that only N40 billion were stolen from the Federal Inland Revenue Service (FIRS) to prosecute 2019 election by the ruling party.
President of the Senate, Ahmad Lawan, has said the Ninth National Assembly will do things differently to break the jinx with the passage of the Petroleum Industry Bill (PIB) next year.
The Senate on Wednesday began the confirmation process of Mohammad Mamman Nami as the Chairman, Federal Inland Revenue Service, FIRS.
Twenty-four hours after the change of guard at the Federal Inland Revenue Service (FIRS), members of staff of the Service have given the authorities till Friday for the most senior director to take over as acting chairman.
The Minister of Communications and Digital Economy, Dr Isa Pantami, has expressed delight as the Mobile Telephone Network (MTN) budgeted 1.6 billion dollars to invest in the Nigerian market within the next three years.
Despite the federal government’s effort on technology, Nigeria could not be ranked among 82 countries in the Global Social Mobility Index 2020.
Borussia Dortmund arguably pulled off the deal of the month when they signed RB Salzburg striker Erling Haaland.
The longest-running transfer saga of the January transfer window may finally be drawing to a conclusion after Manchester United reportedly agreed a deal for Bruno Fernandes.
Brendan Rodgers insists Leicester were the “better side over the two games” as Trezeguet scored an injury-time winner to send Aston Villa to Wembley after a 2-1 win.
The fire gutted Sabo market in Sagamu, Ogun State early Tuesday morning.
Chelsea manager Frank Lampard is facing an anxious wait to learn how long England striker Tammy Abraham will be sidelined with his ankle injury.
Following the outbreak of a deadly virus known as Corona Virus in China that has since killed six people, with over 300 also reported to have been infected, the Federal Airports Authority of Nigeria, FAAN, yesterday said it has deployed thermal scanners in all airports that monitor the temperature of passengers and capture their pictures.
Nigerian Afro-fusion singer, Damini Ogulu, better known as Burna Boy, has lost the Best World Music Album trophy to Beninese ace singer, Angélique Kidjo, at the 62nd Grammy Award.
Residents of Ureje in Ado-Ekiti, Ekiti State, have bemoaned the deplorable state of Ureje Bridge connecting Ado-Ekiti to Abuja, and Ikare-Akoko in Ondo State.