The Federal Inland Revenue Service (FIRS) has revealed that a value-added tax (VAT) rate of 7.5% will be applied to items that were previously excluded from building-related charges.
To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the first two IFRS Sustainability Disclosure Standards, (IFRS S1 and IFRS S2 Standards) by the International Sustainability Standards Board (ISSB).
The Lagos Internal Revenue Service (LIRS) and the Federal Inland Revenue Service (FIRS) have issued a public notice on the Memorandum of Understanding (MoU) signed by both agencies to establish a Joint FIRS and LIRS Audit and Investigation Team aimed at encouraging the exchange of information between both agencies.
The Lagos State Internal Revenue Service (LIRS) and Federal Inland Revenue Service (FIRS) on Monday, February 6, 2023, signed a Memorandum of Understanding on the exchange of information and implementation of joint tax audit and investigation exercise.
The Federal Government of Nigeria through the Federal Inland Revenue Service ( FIRS) has played host to senior tax officials from 40 African Countries, including tax practitioners and representatives of multilateral agencies and other regional tax organisations.
Federal Inland revenue Service FIRS, through its counsel Barrister Usman Shehu has filed an application before,a Federal high court in Lagos urging the court to strike out an Appeal filed before the court by UAC Nigeria Plc against,the judgement of Tax Appeal tribunal ordering it to pay the sum of N2,452,398,121.00
…As NNPC Plans to Rebuild Roads Under Tax Credit Scheme As a follow-up to its efforts in sustaining the current smooth supply and distribution of petroleum products nationwide within the festive period and beyond, the Nigerian National Petroleum Corporation (NNPC) has engaged critical stakeholders so as to find lasting solutions to the road network […]
The Federal Inland Revenue Service has announced the introduction of a new Tax Administration Solution, TaxPro-Max, which will be the sole channel for filing tax returns from June 7th.
The Executive Chairman, Federal Inland Revenue Service (FIRS), Alhaji Muhammad Mamman Nami engaged with the capital market community on the platform of The Nigerian Stock Exchange’s (NSE or The Exchange) digital Closing Gong Ceremony on Friday, 26 February 2021.
The Executive Chairman, Federal Inland Revenue Service, (FIRS)Mr. Muhammad Nami, has explained that he was aware of the enormous responsibilities he has been saddled with in his present position, not only by the Federal Government, but also by the generality of Nigerians and called for prayers from all and sundry in order to succeed on this assignment.