Browsing Tag

FIRS

Tax Audit Units Created to Address Illicit Financial Flow – FIRS

Mustapha Sumaila Jan 11, 2021 0

The Federal Inland Revenue Service (FIRS) has created 35 additional Tax Audit Units across the country to address illicit financial flow. Mr Abdullahi Ahmad, Director, Communications and Liaison Department of the service, made…

FIRS generates N4.17trn in revenue in 10 months

Rukayat Moisemhe Dec 5, 2020 0

The Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, on Friday said that a total of N4.178 trillion was generated in taxes from January to October. 2020.Nami, represented by Mr. Ezra Zubairu, Coordinating Director,…

FG’s Earnings Reduce by 60%, Amidst Low Oil Prices – Minister

Ismaila Chafe Nov 17, 2020 0

Minister of State for Petroleum Resources, Mr Timipre Sylva, says Federal Government’s earnings, from oil and non-oil sectors coupled with low revenue receipts from the Federal Inland Revenue Service (FIRS), have dropped by 60 per…

EFCC Confirms Arrest of Former FIRS Chairman Fowler

Philomina Attah Nov 2, 2020 0

The Economic and Financial Crimes Commission (EFCC) has confirmed the arrest of Mr Babatunde Fowler, former Chairman of the Federal Inland Revenue Service (FIRS).“He was invited by the Commission and responded today,” EFCC…

FG tenders apology over misinformation on Re-registration order

Adefemola Akintade Sep 18, 2020 0

Following the outrage on Nigerian social media, the Federal Government, FG, has tendered an apology for asking citizens to register their bank details in their respective financial institutions again or risk paying heavy fines.The news…

Self-Certification Forms: FIRS Clarifies Statement After Outrage

John Ogunsemore Sep 18, 2020 0

The Federal Inland Revenue Service (FIRS) has clarified a series of tweets on the Nigerian government's official Twitter handle which required customers of financial institutions to submit self-certifications forms to operate their accounts…

FIRS Inaugurates AEOI-CRS System for Financial Institutions

Mustapha Sumaila Sep 6, 2020 0

The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country. FIRS Director,…

Revenue Problem in Nigeria: Finance Act 2019 as Strategic Way to Improve the Revenue

Bello Idris Opeyemi Aug 13, 2020 0

The use of digital economy in Nigeria ought not to be a problem as it is being used in other countries, but lack of trust and corruption in Nigeria has made people doubt whether it would improve revenue - but Amended of the Finance Act 2019…

Nigerians mock FIRS, NIPOST for fighting dirty on Twitter

Adefemola Akintade Aug 5, 2020 0

Federal Inland Revenue Service (FIRS) and Nigeria Postal Service (NIPOST) have engaged in a war of words over stamp duties charge on TwitterNigerians are having a field day mocking the two government agencies in a social media fight.…

NIPOST operated illegal accounts – FIRS fires back over theft allegations

Adefemola Akintade Aug 4, 2020 0

Federal Inland Revenue Service (FIRS) has reacted to the mandate theft allegations levelled by Maimuna Abubakar, Chair of the board of Nigeria Postal Service (NIPOST).The Herald on Monday reported that NIPOST Boss launched a barrage of…

See why NIPOST Boss, Maimuna Abubakar accused FIRS of hijacking business

Adefemola Akintade Aug 3, 2020 0

Maimuna Abubakar, Chairman of Board of Nigerian Postal Services (NIPOST) has launched a barrage of accusations against Federal Inland Revenue Service (FIRS).It appears both government agencies are fighting for supremacy for the sales of…

FG to Collect Stamp Duty on Tenancy Agreement, Certificate of Occupancy

Tony Abu Momoh Jul 2, 2020 0

Not content with the stamp duty imposed on Nigerians with Bank accounts across the country, the Federal Government has announced the imposition of another stamp duty on tenancy agreements and certificates of occupancy through the Federal…

FIRS: Why House rent agreement, C of O, others will carry stamp duty onwards

Mustapha Sumaila Jul 2, 2020 0

The Federal Inland Revenue Service (FIRS) says henceforth, stamp duty will be paid on house rent and Certificate of Occupancy (C of O) in line with its new adhesive duty.Mr Abdullahi Ahmad, the FIRS Director, Communications and Liaison…

FG Targets N1tn Revenue from Stamp Duties

Oladipupo Ehindero Jul 1, 2020 0

The Federal Government (FG) has urged the Federal Inland Revenue Service (FIRS) to recover all stamp duties collected on its behalf but yet to be remitted by government agencies, banks and other companies.The Secretary to Government of…

Stamp Duties Generated N66bn Within 5 Months- FIRS

Mustapha Sumaila Jun 30, 2020 0

The Federal Inland Revenue Service (FIRS) has generated the sum of N66 billion from stamp duties between January and May.SEE ALSO: Borno Govt. Fulfils Criteria for World Bank Grant of $22mMr Abdullahi Ahmad, the FIRS Director,…

FIRS Allegedly Disengage Staff Employed by Babatunde Fowler

Tony Abu Momoh Jun 3, 2020 0

Hundreds of Staff members of the Federal Inland Revenue Service (FIRS) employed during the latter stages of the tenure of its former Chairman, Babatunde Fowler have allegedly been disengaged from service.According to a report by Punch,…

FIRS Denies Removal Of Directors Based On Tribal, Religious Sentiments

John Ogunsemore May 29, 2020 0

The Federal Inland Revenue Service (FIRS) says allegations of tribalism and ethnicity in the agency are untrue.Executive Chairman, Mr Muhammad Nami, disclosed this in a statement signed by the FIRS Director of Communication and Liaison,…

FIRS Appoints New Directors, Retires Others

Mustapha Sumaila Mar 25, 2020 0

The Board of Federal Inland Revenue Service (FIRS) has approved the appointment of four Coordinating Directors (CD) and two Group Leads (GL) in an acting capacity and retired some directors.Mr Abdullahi Ismaila, Director,…

No Staff Tested Positive to Covid-19 -FIRS

Mustapha Sumaila Mar 21, 2020 0

The Federal Inland Revenue Service (FIRS) on Saturday debunked rumours that its staff has tested positive to coronavirus.SEE ALSO: Court ends 30 years marriage of 88-year-old man over promiscuityMr Abdullahi Ismaila, Director,…

COVID-19: FIRS Unveils Automated System to Block Funding Gaps

Mustapha Sumaila Mar 18, 2020 0

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 blocking leakage in tax collection in the country.…

FIRS, Lagos Govt. to tackle Non-payment of Taxes

Florence Onuegbu Feb 18, 2020 0

The Federal Inland Revenue Service (FIRS) and the Lagos State Government will collaborate to tackle non-payment of taxes by individuals and companies. SEE ALSO: Waitress in Court for Allegedly Cooking Noodles with Marijuana for Friend…

FIRS Inaugurates Intelligence System to Track Tax Evaders

Mustapha Sumaila Feb 12, 2020 0

The Federal Inland Revenue Service (FIRS) has inaugurated a National Intelligence Gathering System to gather data and track tax evaders and defaulters across the country.SEE ALSO: NAF Destroys ISWAP Logistics Storage Facilities in…

Minister Of Finance- VAT Implementation Takes Effect Feb. 1

Nana Musa Jan 17, 2020 0

Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning says the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent will take effect from Feb. 1. SEE ALSO: Muslim Group Raises Alarm Over…

Fowler Out As Buhari Appoints Muhammad M. Nami FIRS Chairman

Editor Dec 9, 2019 0

President Muhammadu Buhari has approved the composition of a new board for the Federal Inland Revenue Service, FIRS, subject to Senate confirmation. The appointment includes a new FIRS Chairman.The President nominated a renowned tax…

FIRS, First Bank Opted out of court settlement Over N25bn Damaged suit

Aderogba George Oct 30, 2019 0

Federal Inland Revenue Service (FIRS) and First Bank Plc have opted for out of court settlement in a N25 billion damages suit filed against them by an indigenous company, Biatemp Ventures Ltd over alleged account manipulation. …

Weeks After PDP Allegedly Accused Osinbajo of Corruption, FIRS Building In Flames

David Oct 28, 2019 0

Few weeks after the Peoples Democratic Party (PDP) allegedly accused the vice president, Yemi Osinbajo, of corruption, the adquarters of the Federal Inland Revenue Service in Abuja was on Monday, October 28, engulfed in flames.A former…

FIRS: Fowler vindicated as Court strikes out suit challenging his tenure

Adefemola Akintade Oct 16, 2019 0

Babatunde Fowler, The Chairman of Federal Inland Revenue Service (FIRS) has been vindicated as a Federal High Court in Kano struck out a suit challenging his tenure.Justice Lewis Allegoa who presided over the case at a Federal High…

Supporting Osinbajo does not imply we condone corruption- CAN

Eunice Sep 30, 2019 0

The Christian Association of Nigeria (CAN) on Sunday 29 September says that its decision to give its full support to the vice president Yemi Osinbajo in his trying moment does not imply that the body exonerates him from the alleged N90…

“I Stand by My Statement” – Timi Frank says to FIRS

Oritsetsemaye Akapa Esq Sep 25, 2019 0

A political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has reacted to the statement released by the Federal Inland Revenue Service (FIRS), requesting an apology…

Osinbajo Vindicated, FIRS says it did not give VP N90billion

Oritsetsemaye Akapa Esq Sep 24, 2019 0

The Federal Inland Revenue Service (FIRS) says "it is not plausible nor does it make any sense that FIRS will commit its resources to a phantom campaign of N90 billion as suggested by Mr Timi Frank."Recall that The Herald reported on…