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Tag: Federal Inland Revenue Service .FIRS

Business

FG To Slash Cost Of Collection From Customs, FIRS To One Per Cent

The federal government will soon introduce a law to cut the amount revenue-generating agencies take as cost of collection to one percent.The move is...

News

Education Tax Collection For This Year, Highest In Nigeria’s History- Echono

The Executive Secretary of the Tertiary Education Trust Fund (TETFund), Sonny Echono has disclosed that the education tax collected in 2023 is the highest...

Business

Traders, Informal Sector Workers To Commence VAT Payment, Says FIRS

The Federal Inland Revenue Service has said that traders and workers in the informal sector will begin to pay Value Added Tax.The FIRS is...

Business

NCDMB, FIRS Offer Tax Incentives For Oil Companies’ Investment In Research & Development

Oil and gas companies desirous to reduce their tax burden and grow profitability should consider increasing investments in research and development (R&D), with a...

Business

FIRS, UK Revenue Agency Sign Agreement To Boost Tax Collection

A Memorandum of Understanding between Nigeria’s Federal Inland Revenue Service (FIRS) and the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) has been...

Business

FIRS Breaks 2021 Tax Revenue Record, Collects N10.1trn In 2022

The Federal Inland Revenue Service (FIRS) has announced that it collected over N10trn in tax revenue in the year 2022, the highest tax collection...

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