FIRS

President Muhammadu Buhari on Thursday directed the Federal Inland Revenue Services (FIRS) and related government agencies to plug all revenue leakages to ensure strict compliance with tax payments by foreign companies operating in Nigeria.…

The Federal Government, States and Local Government Councils (LGCs) have shared N619.343 billion as federation allocation for December, 2020. Mr Hassan Dodo, Director of Information, Ministry of Finance, Budget and National Planning…

The Federal Inland Revenue Service (FIRS) says it collected N4,952,243,711,728.37 as tax revenue in the 2020 fiscal year. Mr Abdullahi Ahmad, Director of Communications and Liaison of the service made this known in a statement in Abuja…

The Federal Inland Revenue Service (FIRS) on Wednesday put its overall 2020 performance from January to October at N4.122 trillion. It said this is in spite of Covid-19 challenges, financial Act 2019 incentives and palliatives…

December 31, 2020 has been set by the Federal Inland Revenue Service (FIRS) as the last window of opportunity for the waiver of outstanding penalties and interest on all taxes. This was contained in a statement signed by the executive…

Babatunde Fowler, former Chairman of the Federal Internal Revenue Service, FIRS, on Monday returned to the Economic and Financial Crimes Commission, EFCC, for further questioning. Fowler was said to have reported at the Lagos State…

The Executive Chairman of the Federal Inland Revenue Service, Mohammed Nami has stated that taxes now account for 70 percent of Nigeria revenue. This statement was made by FIRS boss, Nami at an interactive session with stakeholders in…

The Economic and Financial Crimes Commission (EFCC) is reportedly grilling former chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler over alleged fraud for the second day running. An insider disclosed that the former…

The former chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler is presently in the custody of the Economic and Financial Crimes Commission (EFCC) over alleged fraud. According to TheCable report, Fowler was invited on…

The Federal Government of Nigeria has appealed to Nigerians for its tweets on the self certification procedure released yesterday. Recall that WITHIN NIGERIA had reported that all persons who hold accounts in different financial…

Following a notice released by the Federal Government requesting Nigerians with bank accounts to do "self certification" on Thursday, Nigerians have blasted the Buhari led administration. WITHIN NIGERIA had earlier reported that the…

The Federal Inland Revenue Service (FIRS) generates about N3 billion from stamp duty weekly. The Executive Chairman of the FIRS, Muhammad Nami, disclosed this at a meeting with the House of Representatives Committee on Finance, in Abuja,…

The Federal Inland Revenue Service (FIRS) on Thursday announced the extension of the deadline for filing of returns in a number of tax categories. It said this is in the spirit of the festivities and further to earlier measures rolled…

The Federal Inland Revenue Service (FIRS) has clarified its plan to impose a stamp duty charge on tenancy. This clarification was made by FIRS executive chairman, Muhammad Nami while speaking at a webinar organised by OTISVIP. Nami…

Landlords and property agents have been directed by the Federal Inland Revenue Service (FIRS) to charge six percent Stamp Duty on all tenancy and lease agreements. WITHIN NIGERIA gathered that the landlords/ property agents will send the…

The Senate has approved the sum of N168,809,476,220 to fund the proposed Personnel, Overhead and Capital expenditure cost of the Federal Inland Revenue Service (FIRS) for the 2020 fiscal year. The approval by the upper legislative…

The Federal Inland Revenue Service (FIRS) has extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30, 2020 to August 31st, 2020. Executive Chairman, FIRS, Mr.…

The Federal Inland Revenue Service (FIRS) has generated the sum of N66 billion from stamp duties between January and May. Mr Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department made this known in a statement in…

Following the outbreak of Coronavirus in Nigeria, the Federal Government is currently revising the non-oil revenue projections including various tax and customs receipts. This development implies that the N8.5trillion target set for the…

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 FIRS…