The Federal Inland Revenue Service (FIRS) granted various tax incentives that amounted to N1.81 trillion in the 2022 financial year, an official report has shown.
In its 2022 annual report and financial statement, the tax agency said it granted tax incentives, different from tax credits, to support businesses and enhance business and economic performance in the country.
The FIRS, in the year 2022, collected a total of N10.1 trillion in both oil (N4.2 trillion) and non-oil (N5.9 trillion) revenues as against a target of N10.44 trillion.
