Our reporter/ President Bola Tinubu has appointed his Special Adviser on Revenue, Zacch Adedeji, as the new Chairman of the Federal Inland Revenue Service (FIRS). This was contained in a…
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Tag: #FIRS
FIRS to charge VAT on companies trading in TV masts, cell towers from September 1
The Federal Inland Revenue Service (FIRS) on Friday disclosed that from September 1, 2023, 7.5 percent value added tax (VAT) will be charged on items excluded from building. The revenue…
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How FIRS generated N5.5trn from taxes in six months – ‘highest half-year revenue ever’
The Federal Inland Revenue Service (FIRS) says it generated N5.5 trillion as tax revenue in the first half of 2023. In a statement on Thursday, Johannes Oluwatobi Wojuola, special assistant on…
Read More How FIRS generated N5.5trn from taxes in six months – ‘highest half-year revenue ever’
Multiple Taxation: FIRS partners with market traders association of Nigeria (MATAN) for VAT remittance from informal sector
The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit Value Added Tax (VAT) to the FIRS from the country’s…
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FIRS: Nigeria’s tax-to-GDP ratio, 10.86% as at 2021
Nigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end of 2021. The new ratio was communicated to the Federal…
Read More FIRS: Nigeria’s tax-to-GDP ratio, 10.86% as at 2021