Recognising the role, the Nigerian Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim (Pantami) is playing globally to foster a digital economy, which has been commended by world leaders such as President Muhammadu Buhari, the outgoing Secretary-General of the ITU, Mr. Houlin Zhao, Executive Chairman, ID4Africa, Mr. Joseph …
Read More »How NCC Regulatory Measures Deepen e-Government Adoption, Internet-Driven Services in Nigeria
Consistent with fulfilling its objectives and mandate, the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has highlighted the various regulatory measures of the Commission toward deepening the adoption of e-Government and other Internet-driven services in the country. The EVC listed the measures in …
Read More »5 Top Reasons to Attend Titans of Tech 2021
The Titans of Tech 2021 is scheduled to hold this Friday, July 23, 2021, at the prestigious Oriental Hotel, Lekki express way, Lagos. The epoch event seeks to explore how and where technology can make a difference and seeks to celebrate the leading ICT drivers. The event has three main …
Read More »FIRS Clarifies Position on Tax waivers to Local, Foreign Investors
The Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami, has disclosed that the Service did not grant any tax waivers to any local or foreign investors in the country as the FIRS Act did not empower it to grant such tax breaks. Mr Nami disclosed on Friday in Abuja …
Read More »LASG Partners USAID to Improve Language Literacy in Schools
As part of efforts to encourage the teaching and learning of languages in schools, especially Yoruba Language which is the dominant mother-tongue of the State, the Lagos State Government has collaborated with the United States Agency for International Development, USAID, towards providing educational learning materials to schools. Speaking today during …
Read More »Tax Evasion: Nigeria Reportedly Lose $178 billion to Multinational in 10 Years
…FIRS Creates Tax Audit Units to Address Illicit Financial Flow Federal Inland Revenue Service (FIRS) has lamented that the country has lost over 178 billion dollars (N5.4 trillion) through tax evasion by Multinationals doing business Nigeria between 2007 and 2017. As a result the body has created 35 additional Tax …
Read More »FIRS Clarifies Administration Of Stamp Duties Act
The Federal Inland Revenue Service (FIRS), has clarified requests by some taxpayers over administration of the Stamp Duties Act in Nigeria. According to a release by the FIRS titled: “Clarification on the Provisions of the Stamp Duties Act”, in order to provide implementation guidance to taxpayers on various provisions of …
Read More »FIRS Extends Tax Debt Payments to August 31
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 to August 31, 2020. FIRS Director of Communications and Liaison Department, Mr Abdullahi Ahmad made this known in a statement in …
Read More »NIPOST Fault FIRS, Claims Statutory Right Over Stamp Duty
Nigerian Postal Service (NIPOST) has insisted that it has the statutory powers to print, mint, produce, retail and provide adhesive postage stamps and as such claim custodian of stamp duty. In a statement NIPOST faulted a circular by Federal Inland Revenue Service (FIRS) saying it contained legal contradictions. FIRS and …
Read More »FIRS Extends Deadline for Financial Reports Submission
Federal Inland Revenue Service (FIRS) has extended the deadline for the submission of 2019 financial accounts reports under the Common Reporting Standard (CRS) to September 30. Financial institutions were initially directed to file their reports under the Automatic Exchange of Information Common Reporting Standard (AEOI-CRS) regulations on May 31. However, …
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