The Federal Inland Revenue Service (FIRS) has stated that it would embark on a nationwide Value Added Tax (VAT) and withholding tax compliance exercise from July 2022. This is according to the Special Assistant to the Executive Chairman, FIRS (Media & Communication), Mr Johannes Oluwatobi Wojuola. The information was contained …
Read More »FIRS Directs Banks to Freeze Multichoice Accounts Over N1.8 Trillion Tax Liability
The Federal Inland Revenue Service, FIRS, has appointed some commercial banks as agents to recover the sum of N1.8trn from accounts of MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA). This was contained in a statement signed by the Executive Chairman, Muhammad Nami and released on Thursday. The statement confirmed …
Read More »FG Remits N66Billion as Stamp Duty Revenue in Five Months
The Federal Inland Revenue Service (FIRS) has said it has remitted N66bn stamp duty revenue into the federation account between January and May 2020. The FIRS Executive Chairman, Mr Muhammad Nami disclosed this on Tuesday in Abuja during the inauguration of the inter-ministerial committee on the audit & recovery of …
Read More »FIRS Generates N1.12trn Revenue in Q1
The Federal Inland Revenue Service (FIRS) said it has collected N1.123 trillion revenue in the first quarter (Q1) of 2020. The FIRS made this known in a statement issued by Director, Communications and Liaison Department, FIRS, Mr. Abdullahi Ismaila in Abuja on Thursday. He said the service recorded seven per …
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