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Appraising Impacts Of CAC’s Reforms On Nation’s Economy
Ladi Patrick-Okwoli Arguably, When President Muhammadu Buhari unveiled the National Digital Economy Policy, initiated by the Federal Ministry of Communications and Digital Economy, it was to ensure that Nigeria stays in tune with global trends and reality. The World Economic
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FIRS To Deploy Digital Economy Technology For Tax Collection
Targets 100% tax administration automation Mariam Sanni Federal Inland Revenue Service ,FIRS, has stated that it will achieve 100% automation of all its tax administration processes with the aim of blocking revenue leakages thereby revolutionizing revenue generation in Nigeria. Calling
Read MoreJudgment Against FIRS: Victory For Restructuring?
Mariam Sanni The Judgment of the Federal High Court in Port Harcourt restraining the Federal Inland Revenue Service, FIRS, from collecting Value Added Tax, VAT, and Personal Income Tax, PIT, in Rivers State has been described as a victory for
Read MoreVAT Collection: FIRS Files Appeal Against Court Judgment
By Mariam Sanni The Federal Inland Revenue Service (FIRS) has appealed a recent judgment of the Federal High Court in Port Harcourt, Rivers State on the issue of Value Added Tax (VAT) collection. The FIRS disclosed this in a statement
Read MoreCourt Restrains Union From Strike Action, Picketing FIRS Offices
By Mariam Sanni, Abuja The National Industrial Court, Abuja Judicial Division has stopped the National Nigeria Civil Service Union (NCSU) from either picketing the offices of the Federal Inland Revenue Service (FIRS) nationwide or calling for a strike at any
Read MorePATF Lacks Vitality, Financial Security – Nami
Mariam Sanni The Executive Chairman of the Federal Inland Revenue Service (FIRS) Mr Muhammad Nami has said that the Programme for Tax Transition in West Africa (PATF) lacks vitality and financial security to effectively carry out its mandate. According to
Read MoreFIRS Order Banks To Freeze Multichoice Account
Mariam Sanni, Abuja The Federal Inland Revenue (FIRS) has appointed some commercial banks as agents to freeze and recover the sum of N1.8 trillion from accounts of Messrs MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA). In a statement signed
Read MoreFIRS Extends Filing Time For 2021 Income Tax Returns
Mariam Sanni, Abuja The Federal Inland Revenue Service (FIRS) has granted a one-off one-month extension for the filing of Company Income Tax returns by taxpayers with December 31, 2020 accounting year-end whose statutory tax returns were due not later than
Read MoreTax Evasion: FIRS Plans Direct Deductions From Defaulters Bank Accounts, Other Assets
By Mariam Sanni, Abuja Following rising cases of willful and illegal withholding of taxes collected by companies, corporations, Ministries, Departments and Agencies (MDAs) and other agents of collection, the Federal Inland Revenue Service (FIRS) has served public notices to defaulters
Read MoreFG To Prosecute Any Person Who Give Receipt Not Duly Stamped
Cyril Ogar Sequel to reverting stamp duties to Nigerian Postal Service, it will soon be a criminal offence for anyone who failed to fix at least fifty naira adhesive stamp on all receipt evidencing transaction of one thousand naira (N1, 000)
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