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Unable to generate N3.17tn in 2023, Nigerian govt targets N9.96tn from Petroleum Profit Tax in 2024

The Nigerian Government has set a target of generating a staggering N9.96 trillion from Petroleum Profit Tax (PPT) collections in 2024.This is despite the...
News

Abuja Residents, Others Won’t Have Electricity If We Pay FIRS N5.3bn Tax Owed Since 2013, AEDC Tells Court

The Abuja Electricity Distribution Company (AEDC) has asked the Federal High Court sitting in Abuja to stay the execution of the judgment of the...
Business

FG Sets N19.4trn Revenue Target For FIRS As Nigerians Paid N12.3trn Tax In 2023

The federal government has set a tax revenue target of N19.4trn for the Federal Inland Revenue Service in the 2024 fiscal period.The amount represents...
News

Endless reviews, amendments cost National Assembly N1b yearly

• For 30 alterations, NASS expends N24.8b in 24 years • Lawmakers set for fresh rejig, as state police, VAT, electoral reforms top agendaThe National...
Business

FIRS sets N19.4tr target for 2024

The Federal Inland Revenue Service (FIRS) has set a revenue target of N19.41 trillion in 2024.This target represents a significant increase of 56.91% from...
Business

FIRS To Get New Operational Structure For Enhanced Tax Revenue

In a bid to enhance efficiency and ensure effectiveness in revenue collection, the Federal Inland Revenue Service (FIRS) is to adopt a new operational...
Business

Tax Debts: Relief For Businesses As FIRS Grants Full Waiver On Accumulated Penalties, Interests

Relief has come the way of taxpayers and businesses as the Federal Inland Revenue Service (FIRS) has granted them full waiver on accumulated penalties...
Business

NNPC, FIRS others remitted N14.3tr to federation account in two years – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday Federal Government’s revenue-generating agencies remitted ₦14.3 trillion as revenue from the extractive sector to...
Business

We Won’t Increase Taxes, FIRS Boss Assures Companies

Acting Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, has allayed fears being expressed by corporate organisations that the resolve of FIRS...
Business

FIRS commences nationwide tax compliance monitoring

Federal Inland Revenue Service (FIRS) has concluded plans to commence a nationwide Value-Added Tax (VAT) and Withholding Tax (WHT) compliance monitoring exercise for all...
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