FIRS – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 28 Feb 2026 10:57:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png FIRS – InfoStride News https://www.theinfostride.com 32 32 FIRS Accredits PwC as System Integrator for E-Invoicing https://www.theinfostride.com/firs-accredits-pwc-as-system-integrator-for-e-invoicing/ https://www.theinfostride.com/firs-accredits-pwc-as-system-integrator-for-e-invoicing/#respond Sat, 28 Feb 2026 11:00:05 +0000 https://www.theinfostride.com/?p=474328 The Federal Inland Revenue Service has accredited PricewaterhouseCoopers as a system integrator for Nigeria’s electronic invoicing initiative, marking a significant step in the country’s efforts to modernise tax administration, improve compliance and enhance revenue mobilisation. The accreditation positions PwC to support businesses and the tax authority in the implementation of the national e-invoicing framework. The [...]

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]]> https://www.theinfostride.com/firs-accredits-pwc-as-system-integrator-for-e-invoicing/feed/ 0 FIRS Backs Federal Government’s Borrowing Strategy, Says Framework Remains Sustainable https://www.theinfostride.com/firs-backs-federal-governments-borrowing-strategy-says-framework-remains-sustainable/ https://www.theinfostride.com/firs-backs-federal-governments-borrowing-strategy-says-framework-remains-sustainable/#respond Wed, 28 Jan 2026 15:00:45 +0000 https://www.theinfostride.com/?p=467161 The Federal Inland Revenue Service (FIRS) has defended the Federal Government’s borrowing framework, insisting that the country’s debt profile remains within sustainable limits when weighed against ongoing reforms, projected revenue growth, and fiscal consolidation plans. Speaking against the backdrop of mounting concerns over Nigeria’s rising debt stock and borrowing costs, the FIRS emphasized that public [...]

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]]> https://www.theinfostride.com/firs-backs-federal-governments-borrowing-strategy-says-framework-remains-sustainable/feed/ 0 FIRS Establishes Trust Fund, Educational Support for Families of Staff Lost in Afriland Fire https://www.theinfostride.com/firs-establishes-trust-fund-educational-support-for-families-of-staff-lost-in-afriland-fire/ https://www.theinfostride.com/firs-establishes-trust-fund-educational-support-for-families-of-staff-lost-in-afriland-fire/#respond Thu, 22 Jan 2026 23:28:47 +0000 https://www.theinfostride.com/?p=467621 The Federal Inland Revenue Service (FIRS) has announced the creation of a dedicated trust fund and an educational sponsorship scheme for the families of its staff members who tragically lost their lives in the recent fire incident at Afriland Towers, Lagos. The measure comes as part of a comprehensive support package aimed at easing the [...]

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]]> https://www.theinfostride.com/firs-establishes-trust-fund-educational-support-for-families-of-staff-lost-in-afriland-fire/feed/ 0 FIRS Collaborates with Customs to Advance National Single Window Initiative https://www.theinfostride.com/firs-collaborates-with-customs-to-advance-national-single-window-initiative/ https://www.theinfostride.com/firs-collaborates-with-customs-to-advance-national-single-window-initiative/#respond Thu, 22 Jan 2026 13:41:31 +0000 https://www.theinfostride.com/?p=464889 The Federal Inland Revenue Service (FIRS) has announced a strategic partnership with the Nigeria Customs Service (NCS) to accelerate the implementation of the National Single Window (NSW) project, a digital trade facilitation platform aimed at streamlining cross-border transactions and enhancing government revenue collection. The move is expected to improve efficiency, reduce bottlenecks, and boost Nigeria’s [...]

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]]> https://www.theinfostride.com/firs-collaborates-with-customs-to-advance-national-single-window-initiative/feed/ 0 FG Revenue Agencies Collect N21 Trillion in First Half of 2025 https://www.theinfostride.com/fg-revenue-agencies-collect-n21-trillion-in-first-half-of-2025/ https://www.theinfostride.com/fg-revenue-agencies-collect-n21-trillion-in-first-half-of-2025/#respond Thu, 25 Dec 2025 08:56:16 +0000 https://www.theinfostride.com/?p=465395 The Federal Government’s major revenue-generating agencies, including the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS), have collectively generated a total of ₦21 trillion in the first half of 2025, surpassing initial projections and underlining the importance of ongoing fiscal reforms. According to official data made available from the Ministry of Finance [...]

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]]> https://www.theinfostride.com/fg-revenue-agencies-collect-n21-trillion-in-first-half-of-2025/feed/ 0 New Tax Reforms Exempt Food, Education, Agriculture — FIRS https://www.theinfostride.com/new-tax-reforms-exempt-food-education-agriculture-firs/ https://www.theinfostride.com/new-tax-reforms-exempt-food-education-agriculture-firs/#respond Wed, 24 Dec 2025 07:35:48 +0000 https://www.theinfostride.com/?p=467807 The Federal Inland Revenue Service (FIRS) has unveiled sweeping changes in Nigeria’s tax framework as part of the newly enacted tax reform laws. In a move aimed at easing the burden on citizens and promoting inclusive growth, FIRS confirmed that food, education, and agricultural sectors will be exempt from value-added tax (VAT). The announcement was [...]

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]]> https://www.theinfostride.com/new-tax-reforms-exempt-food-education-agriculture-firs/feed/ 0 FIRS dismisses claims of granting monopoly rights to Xpress Payments in revenue collection https://www.theinfostride.com/firs-dismisses-claims-of-granting-monopoly-rights-to-xpress-payments-in-revenue-collection/ https://www.theinfostride.com/firs-dismisses-claims-of-granting-monopoly-rights-to-xpress-payments-in-revenue-collection/#respond Sun, 23 Nov 2025 16:32:31 +0000 https://www.theinfostride.com/?p=472193 The Federal Inland Revenue Service (FIRS) has refuted claims circulating in parts of the public sphere suggesting that it granted monopoly rights to Xpress Payments in the nation’s revenue collection process. The agency described the reports as misleading, insisting that no single organisation has exclusive control or preferential access to government revenue channels under its [...]

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]]> https://www.theinfostride.com/firs-dismisses-claims-of-granting-monopoly-rights-to-xpress-payments-in-revenue-collection/feed/ 0 FIRS Reforms Reshape Nigeria’s Tax Ecosystem, Boost Compliance and Revenue Growth https://www.theinfostride.com/firs-reforms-reshape-nigerias-tax-ecosystem-boost-compliance-and-revenue-growth/ https://www.theinfostride.com/firs-reforms-reshape-nigerias-tax-ecosystem-boost-compliance-and-revenue-growth/#respond Tue, 28 Oct 2025 09:05:23 +0000 https://www.theinfostride.com/?p=470233 The Federal Inland Revenue Service (FIRS) has announced that its sweeping tax reforms have successfully reshaped Nigeria’s tax administration ecosystem, improving efficiency, transparency, and compliance while expanding the nation’s revenue base. According to the agency, the recent structural and digital reforms have not only streamlined tax collection processes but also positioned FIRS as one of [...]

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]]> https://www.theinfostride.com/firs-reforms-reshape-nigerias-tax-ecosystem-boost-compliance-and-revenue-growth/feed/ 0 FIRS Achieves Record ₦47.39 Trillion Revenue Growth Amid Sweeping Reforms https://www.theinfostride.com/firs-achieves-record-%e2%82%a647-39-trillion-revenue-growth-amid-sweeping-reforms/ https://www.theinfostride.com/firs-achieves-record-%e2%82%a647-39-trillion-revenue-growth-amid-sweeping-reforms/#respond Mon, 27 Oct 2025 12:28:55 +0000 https://www.theinfostride.com/?p=470133 The Federal Inland Revenue Service (FIRS) has achieved a historic rise in tax revenue, collecting a total of ₦47.39 trillion over a two-year period. This remarkable growth, attributed to ongoing reforms, advanced digital systems, and improved compliance measures, underscores Nigeria’s expanding fiscal capacity and efforts to diversify revenue sources beyond oil. According to recent data, [...]

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]]> https://www.theinfostride.com/firs-achieves-record-%e2%82%a647-39-trillion-revenue-growth-amid-sweeping-reforms/feed/ 0 FIRS, NDIC to Spotlight Digital Economy at Finance Summit https://www.theinfostride.com/firs-ndic-to-spotlight-digital-economy-at-finance-summit/ https://www.theinfostride.com/firs-ndic-to-spotlight-digital-economy-at-finance-summit/#respond Tue, 16 Sep 2025 07:41:15 +0000 https://www.theinfostride.com/?p=466676 The Federal Inland Revenue Service (FIRS) and the Nigeria Deposit Insurance Corporation (NDIC) are set to place the spotlight on the country’s rapidly expanding digital economy at the 2025 Finance Correspondents Association of Nigeria (FICAN) summit, a gathering that has become one of the most influential platforms for policy engagement between regulators, financial institutions, and [...]

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]]> https://www.theinfostride.com/firs-ndic-to-spotlight-digital-economy-at-finance-summit/feed/ 0 FIRS Outlines Gains of New Tax Reforms https://www.theinfostride.com/firs-outlines-gains-of-new-tax-reforms/ https://www.theinfostride.com/firs-outlines-gains-of-new-tax-reforms/#respond Mon, 15 Sep 2025 18:19:25 +0000 https://www.theinfostride.com/?p=466650 The Federal Inland Revenue Service (FIRS) has highlighted the benefits of the ongoing tax reforms being rolled out to modernize Nigeria’s revenue system, improve compliance, and expand the tax base. The reforms, which align with the Federal Government’s push for fiscal sustainability, are part of a broader effort to reduce dependence on oil revenues while [...]

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]]> https://www.theinfostride.com/firs-outlines-gains-of-new-tax-reforms/feed/ 0 FIRS Engages EFCC to Strengthen Enforcement of Tax Compliance https://www.theinfostride.com/firs-engages-efcc-to-strengthen-enforcement-of-tax-compliance/ https://www.theinfostride.com/firs-engages-efcc-to-strengthen-enforcement-of-tax-compliance/#respond Wed, 10 Sep 2025 12:06:20 +0000 https://www.theinfostride.com/?p=466372 The Federal Inland Revenue Service (FIRS) has entered into a strategic partnership with the Economic and Financial Crimes Commission (EFCC) to intensify enforcement of tax compliance across Nigeria. The move, announced on Wednesday, is part of efforts to boost government revenue, curb tax evasion, and ensure that businesses and individuals meet their statutory obligations in [...]

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]]> https://www.theinfostride.com/firs-engages-efcc-to-strengthen-enforcement-of-tax-compliance/feed/ 0 FIRS Appoints eTranzact as Technology Partner for E-Invoicing System https://www.theinfostride.com/firs-appoints-etranzact-as-technology-partner-for-e-invoicing-system/ https://www.theinfostride.com/firs-appoints-etranzact-as-technology-partner-for-e-invoicing-system/#respond Tue, 09 Sep 2025 07:06:59 +0000 https://www.theinfostride.com/?p=466254 The Federal Inland Revenue Service (FIRS) has officially named eTranzact International Plc as a key service provider for the implementation of its electronic invoicing (e-invoicing) platform, a move expected to modernise Nigeria’s tax administration and boost government revenue. The development is part of ongoing reforms by the tax authority to improve transparency, close leakages, and [...]

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]]> https://www.theinfostride.com/firs-appoints-etranzact-as-technology-partner-for-e-invoicing-system/feed/ 0 FIRS Extends Deadline for Transition to E-Invoicing by Three Months https://www.theinfostride.com/firs-extends-deadline-for-transition-to-e-invoicing-by-three-months/ https://www.theinfostride.com/firs-extends-deadline-for-transition-to-e-invoicing-by-three-months/#respond Fri, 15 Aug 2025 08:24:27 +0000 https://www.theinfostride.com/?p=465052 The Federal Inland Revenue Service (FIRS) has extended the deadline for taxpayers to transition to its new electronic invoicing system by an additional three months, giving businesses more time to adjust to the platform aimed at improving tax compliance and reducing revenue leakages. The extension, announced on Tuesday in Abuja, moves the compliance deadline from [...]

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]]> https://www.theinfostride.com/firs-extends-deadline-for-transition-to-e-invoicing-by-three-months/feed/ 0 FG Sets N5m Fine, Jail Term for Leaking National Revenue Service Documents https://www.theinfostride.com/fg-sets-n5m-fine-jail-term-for-leaking-national-revenue-service-documents/ https://www.theinfostride.com/fg-sets-n5m-fine-jail-term-for-leaking-national-revenue-service-documents/#respond Sun, 10 Aug 2025 13:29:19 +0000 https://www.theinfostride.com/?p=464625 The Federal Government has announced strict penalties, including a fine of up to ₦5 million and possible imprisonment, for individuals or entities found guilty of leaking confidential documents belonging to the newly established National Revenue Service (NRS). The measure, disclosed yesterday by the Ministry of Finance, forms part of new regulations designed to safeguard sensitive [...]

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]]> https://www.theinfostride.com/fg-sets-n5m-fine-jail-term-for-leaking-national-revenue-service-documents/feed/ 0 FIRS Holds Inaugural Research Day, Unveils Innovative Tax Data Platforms https://www.theinfostride.com/firs-holds-inaugural-research-day-unveils-innovative-tax-data-platforms/ https://www.theinfostride.com/firs-holds-inaugural-research-day-unveils-innovative-tax-data-platforms/#respond Sat, 09 Aug 2025 19:07:42 +0000 https://www.theinfostride.com/?p=464534 The Federal Inland Revenue Service (FIRS) has marked a new milestone in its operational history with the celebration of its first-ever Research Day, an event aimed at promoting evidence-based decision-making and strengthening Nigeria’s tax administration through data-driven innovations. The occasion, held at the FIRS headquarters in Abuja, also featured the official launch of advanced tax [...]

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]]> https://www.theinfostride.com/firs-holds-inaugural-research-day-unveils-innovative-tax-data-platforms/feed/ 0 FIRS Vows to Strengthen Tax Policy in West Africa https://www.theinfostride.com/firs-vows-to-strengthen-tax-policy-in-west-africa/ https://www.theinfostride.com/firs-vows-to-strengthen-tax-policy-in-west-africa/#respond Wed, 23 Jul 2025 22:58:30 +0000 https://www.theinfostride.com/?p=405818 The Federal Inland Revenue Service (FIRS) has pledged to strengthen tax policies across West Africa, aiming to boost revenue generation, enhance compliance, and create a more transparent tax system in the region. The commitment was made during a regional tax conference, where officials emphasized the need for collaboration among West African nations to improve tax [...]

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]]> https://www.theinfostride.com/firs-vows-to-strengthen-tax-policy-in-west-africa/feed/ 0 FG, FIRS Commence Grassroots Tax Awareness in Ibadan https://www.theinfostride.com/fg-firs-commence-grassroots-tax-awareness-in-ibadan/ https://www.theinfostride.com/fg-firs-commence-grassroots-tax-awareness-in-ibadan/#respond Sun, 20 Jul 2025 12:08:58 +0000 https://www.theinfostride.com/?p=462441 The Federal Government, in collaboration with the Federal Inland Revenue Service (FIRS), has launched a nationwide tax education campaign, starting in Ibadan, Oyo State. The initiative is designed to educate and engage Nigerians at the grassroots level, particularly traders, artisans, and other informal sector operators, on the benefits and obligations of tax reforms recently introduced [...]

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]]> https://www.theinfostride.com/fg-firs-commence-grassroots-tax-awareness-in-ibadan/feed/ 0 Federal Government, FIRS take tax education campaign to Ibadan https://www.theinfostride.com/federal-government-firs-take-tax-education-campaign-to-ibadan/ https://www.theinfostride.com/federal-government-firs-take-tax-education-campaign-to-ibadan/#respond Sat, 19 Jul 2025 14:37:07 +0000 https://www.theinfostride.com/?p=462381 The Federal Government, in collaboration with the Federal Inland Revenue Service (FIRS), has taken its ongoing tax sensitisation programme to Ibadan, Oyo State, as part of a national effort to enhance awareness of tax responsibilities, reforms, and benefits among Nigerians—especially those in the informal sector. The initiative, which also featured key support from the Presidential [...]

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]]> https://www.theinfostride.com/federal-government-firs-take-tax-education-campaign-to-ibadan/feed/ 0 FIRS moves to curb tax evasion and stop illicit financial outflows https://www.theinfostride.com/firs-moves-to-curb-tax-evasion-and-stop-illicit-financial-outflows/ https://www.theinfostride.com/firs-moves-to-curb-tax-evasion-and-stop-illicit-financial-outflows/#respond Mon, 14 Jul 2025 14:19:51 +0000 https://www.theinfostride.com/?p=461966 The Federal Inland Revenue Service (FIRS) has intensified its campaign to curb tax evasion and halt illicit financial flows in Nigeria as part of broader efforts to improve national revenue and strengthen the integrity of the country’s fiscal framework. The tax authority has unveiled a multi-pronged strategy that includes stronger enforcement, inter-agency cooperation, enhanced data [...]

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]]> https://www.theinfostride.com/firs-moves-to-curb-tax-evasion-and-stop-illicit-financial-outflows/feed/ 0 FIRS, the Netherlands Begin Double Taxation Treaty Renegotiation https://www.theinfostride.com/firs-the-netherlands-begin-double-taxation-treaty-renegotiation/ https://www.theinfostride.com/firs-the-netherlands-begin-double-taxation-treaty-renegotiation/#respond Tue, 08 Jul 2025 10:33:59 +0000 https://www.theinfostride.com/?p=461388   Nigeria and the Kingdom of the Netherlands have formally commenced the renegotiation of their long-standing Double Taxation Agreement, marking a significant step in Nigeria’s ongoing push to modernise its tax regime and strengthen international cooperation on tax matters. The talks, which began at the Revenue House in Abuja, bring together senior officials of the [...]

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]]> https://www.theinfostride.com/firs-the-netherlands-begin-double-taxation-treaty-renegotiation/feed/ 0 FIRS Assures Tax Bills Will Not Undermine Revenue Collection https://www.theinfostride.com/firs-assures-tax-bills-will-not-undermine-revenue-collection/ https://www.theinfostride.com/firs-assures-tax-bills-will-not-undermine-revenue-collection/#respond Thu, 07 Nov 2024 19:15:10 +0000 https://www.theinfostride.com/?p=393297 The Federal Inland Revenue Service (FIRS) has addressed concerns about new tax bills potentially impacting the roles and revenue streams of tax-collecting agencies. In a recent statement, the agency reassured stakeholders that the proposed tax reforms, rather than undermining revenue collection, are designed to streamline operations and increase efficiency across the tax system. The FIRS [...]

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]]> https://www.theinfostride.com/firs-assures-tax-bills-will-not-undermine-revenue-collection/feed/ 0 FIRS: The Picture Is Here by Abiodun Komolafe https://www.theinfostride.com/firs-the-picture-is-here-by-abiodun-komolafe/ https://www.theinfostride.com/firs-the-picture-is-here-by-abiodun-komolafe/#respond Thu, 04 Jul 2024 18:55:21 +0000 https://www.theinfostride.com/?p=382367 We are in a time of pronounced change of thinking in a positive direction in Nigeria after decades of misadventures. To support this change, we must focus on the key policies and drivers of reform to assist them in their endeavours. A crucial aspect of this transformation is transitioning from a consumption-based economy to one [...]

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]]> https://www.theinfostride.com/firs-the-picture-is-here-by-abiodun-komolafe/feed/ 0 FIRS Staff’s Alleged Killing Prompts Police Investigation https://www.theinfostride.com/firs-staffs-alleged-killing-prompts-police-investigation/ https://www.theinfostride.com/firs-staffs-alleged-killing-prompts-police-investigation/#respond Sun, 12 May 2024 19:30:09 +0000 https://www.theinfostride.com/?p=377813 The Commissioner of Police for the Federal Capital Territory (FCT), Benneth Igweh, has ordered an investigation into the alleged killing of Khalid Ahmed Bichi, a staff member of the Federal Inland Revenue Service (FIRS). According to a statement issued by the FCT Police Command on Sunday, Bichi’s untimely demise occurred on May 10, 2024, around [...]

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]]> https://www.theinfostride.com/firs-staffs-alleged-killing-prompts-police-investigation/feed/ 0 CAC denies claims of charging companies for Tax IDs https://www.theinfostride.com/cac-denies-claims-of-charging-companies-for-tax-ids/ https://www.theinfostride.com/cac-denies-claims-of-charging-companies-for-tax-ids/#respond Sat, 20 Apr 2024 04:57:07 +0000 https://www.theinfostride.com/?p=376080 The Corporate Affairs Commission (CAC) has debunked reports that its agency is demanding companies to pay for their Tax Identification Number (TIN) in the country. In a circular signed by the management on Friday, the commission said it noticed flood of emails that did not emanate from them targeting directors of newly incorporated companies with [...]

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]]> https://www.theinfostride.com/cac-denies-claims-of-charging-companies-for-tax-ids/feed/ 0 House of Representatives Committee Warns FIRS Chairman for Non-Attendance https://www.theinfostride.com/house-of-representatives-committee-warns-firs-chairman-for-non-attendance/ https://www.theinfostride.com/house-of-representatives-committee-warns-firs-chairman-for-non-attendance/#respond Thu, 28 Mar 2024 06:00:14 +0000 https://www.theinfostride.com/?p=374275 The House of Representatives Public Accounts Committee (PAC) has issued a warning to the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, for refusing to honor its invitation, stating that his actions amount to contempt of parliament. Chairman of the PAC, Rep. Bamidele Salam, issued the warning during the investigative hearing of revenue [...]

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]]> https://www.theinfostride.com/house-of-representatives-committee-warns-firs-chairman-for-non-attendance/feed/ 0 Senate Calls on FIRS to Suspend N17 Trillion Tax Waivers https://www.theinfostride.com/senate-calls-on-firs-to-suspend-n17-trillion-tax-waivers/ https://www.theinfostride.com/senate-calls-on-firs-to-suspend-n17-trillion-tax-waivers/#respond Tue, 20 Feb 2024 22:38:05 +0000 https://www.theinfostride.com/?p=371193 The Nigerian Senate has urged the Federal Inland Revenue Service (FIRS) to suspend tax waivers amounting to N17 trillion. This call comes as part of the government’s efforts to review and reassess the fiscal policies surrounding tax incentives, exemptions, and waivers that may impact revenue generation. The Senate’s request reflects a broader push for transparency, [...]

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]]> https://www.theinfostride.com/senate-calls-on-firs-to-suspend-n17-trillion-tax-waivers/feed/ 0 Senate Urges FIRS to Suspend Tax Waivers, Embrace Rebating System https://www.theinfostride.com/senate-urges-firs-to-suspend-tax-waivers-embrace-rebating-system/ https://www.theinfostride.com/senate-urges-firs-to-suspend-tax-waivers-embrace-rebating-system/#respond Mon, 19 Feb 2024 16:00:16 +0000 https://www.theinfostride.com/?p=371077 The Senate’s Committee on Finance has expressed concern over the N17 trillion loss incurred by Nigeria in tax waivers over the past five years. During the 2024 budget presentation of the Federal Inland Revenue Service (FIRS) to the committee, senators called for the suspension of tax waivers, which they believe are being abused, and advocated [...]

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]]> https://www.theinfostride.com/senate-urges-firs-to-suspend-tax-waivers-embrace-rebating-system/feed/ 0 FIRS Assures Businesses of Friendly Tax Policies https://www.theinfostride.com/firs-assures-businesses-of-friendly-tax-policies/ https://www.theinfostride.com/firs-assures-businesses-of-friendly-tax-policies/#respond Wed, 14 Feb 2024 21:28:41 +0000 https://www.theinfostride.com/?p=370395 The Federal Inland Revenue Service (FIRS) has assured businesses of friendly tax policies, signaling a commitment to fostering a conducive tax environment. This announcement comes amid efforts to support businesses, encourage compliance, and stimulate economic growth. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the specific measures introduced [...]

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]]> https://www.theinfostride.com/firs-assures-businesses-of-friendly-tax-policies/feed/ 0 FIRS Sets Ambitious Target of N19.4 Trillion Revenue https://www.theinfostride.com/firs-sets-ambitious-target-of-n19-4-trillion-revenue/ https://www.theinfostride.com/firs-sets-ambitious-target-of-n19-4-trillion-revenue/#respond Sat, 27 Jan 2024 15:30:52 +0000 https://www.theinfostride.com/?p=368900 The Federal Inland Revenue Service (FIRS) has unveiled an ambitious revenue target of N19.4 trillion. This target signals the government’s intent to mobilize substantial resources through taxation to fund public services, infrastructure, and other developmental initiatives. As Infostride News closely monitors these developments, comprehensive coverage will be provided, including insights into the strategies employed by [...]

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]]> https://www.theinfostride.com/firs-sets-ambitious-target-of-n19-4-trillion-revenue/feed/ 0 Nigerians Pay N12.37 Trillion in Taxes in 2023 as FIRS Surpasses Revenue Target by N816 Billion https://www.theinfostride.com/nigerians-pay-n12-37-trillion-in-taxes-in-2023-as-firs-surpasses-revenue-target-by-n816-billion/ https://www.theinfostride.com/nigerians-pay-n12-37-trillion-in-taxes-in-2023-as-firs-surpasses-revenue-target-by-n816-billion/#respond Wed, 24 Jan 2024 20:41:50 +0000 https://www.theinfostride.com/?p=368520 In a remarkable achievement, Nigerians have collectively paid a total of N12.37 trillion in taxes for the year 2023, exceeding the revenue target set by the Federal Inland Revenue Service (FIRS) by an impressive N816 billion. This financial milestone reflects a significant contribution from individuals and businesses toward sustaining government operations and funding essential services. [...]

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]]> https://www.theinfostride.com/nigerians-pay-n12-37-trillion-in-taxes-in-2023-as-firs-surpasses-revenue-target-by-n816-billion/feed/ 0 New Evidence Admitted in N2 Billion Trial Case Against FIRS Official https://www.theinfostride.com/new-evidence-admitted-in-n2-billion-trial-case-against-firs-official/ https://www.theinfostride.com/new-evidence-admitted-in-n2-billion-trial-case-against-firs-official/#respond Tue, 23 Jan 2024 19:00:40 +0000 https://www.theinfostride.com/?p=368346 In a significant development in the ongoing trial, a court has admitted new evidence in the N2 billion case against a Federal Inland Revenue Service (FIRS) official. This turn of events may impact the trajectory of the trial, shedding light on additional details and potentially influencing the outcome of the case. The admission of new [...]

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]]> https://www.theinfostride.com/new-evidence-admitted-in-n2-billion-trial-case-against-firs-official/feed/ 0 Federal High Court Admits Fresh Exhibit in Trial of FIRS Stakeholders Unit Head https://www.theinfostride.com/federal-high-court-admits-fresh-exhibit-in-trial-of-firs-stakeholders-unit-head/ https://www.theinfostride.com/federal-high-court-admits-fresh-exhibit-in-trial-of-firs-stakeholders-unit-head/#respond Tue, 23 Jan 2024 12:00:22 +0000 https://www.theinfostride.com/?p=368259 Justice F. Giwa Ogunbanjo of the Federal High Court in Abuja has admitted a fresh exhibit in the trial of Emmanuella Eteta Ita, the Head of the Stakeholders Unit of the Federal Inland Revenue Services (FIRS), and Surestart School Ltd. The trial within a trial aims to determine the admissibility of Ita’s statement with the [...]

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]]> https://www.theinfostride.com/federal-high-court-admits-fresh-exhibit-in-trial-of-firs-stakeholders-unit-head/feed/ 0 FIRS Aims for a 57% Surge, Targeting N19.4 Trillion in Tax Revenue in 2024 https://www.theinfostride.com/firs-aims-for-a-57-surge-targeting-n19-4-trillion-in-tax-revenue-in-2024/ https://www.theinfostride.com/firs-aims-for-a-57-surge-targeting-n19-4-trillion-in-tax-revenue-in-2024/#respond Tue, 16 Jan 2024 10:50:22 +0000 https://www.theinfostride.com/?p=367418 The Federal Inland Revenue Service (FIRS) has set an ambitious goal to boost tax revenue by 57%, targeting a total of N19.4 trillion in 2024. This strategic plan underscores the government’s commitment to fiscal sustainability and revenue generation as part of its economic agenda. The objective to increase tax revenue significantly reflects the importance placed [...]

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]]> https://www.theinfostride.com/firs-aims-for-a-57-surge-targeting-n19-4-trillion-in-tax-revenue-in-2024/feed/ 0 Tribunal Directs MTN to Settle $72.5 Million Fine to FIRS https://www.theinfostride.com/tribunal-directs-mtn-to-settle-72-5-million-fine-to-firs/ https://www.theinfostride.com/tribunal-directs-mtn-to-settle-72-5-million-fine-to-firs/#respond Wed, 25 Oct 2023 23:15:45 +0000 https://www.theinfostride.com/?p=358276 The Lagos State Division of the Tax Appeal Tribunal has recently issued a significant ruling that requires MTN Nigeria Communications to pay a substantial sum of $72,551,059 in back taxes to the Federal Inland Revenue Service (FIRS). The period under scrutiny for this tax assessment spans from 2007 to 2017. This decision comes as a [...]

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]]> https://www.theinfostride.com/tribunal-directs-mtn-to-settle-72-5-million-fine-to-firs/feed/ 0 FIRS gives short window to taxpayers with outstanding liabilities https://www.theinfostride.com/firs-gives-short-window-to-taxpayers-with-outstanding-liabilities/ https://www.theinfostride.com/firs-gives-short-window-to-taxpayers-with-outstanding-liabilities/#respond Wed, 09 Mar 2022 14:38:15 +0000 https://www.theinfostride.com/?p=320063 The Federal Inland Revenue Service (FIRS) says it has given a one-month window to taxpayers who have outstanding foreign currency tax liabilities to settle such liabilities in Naira. The window according to FIRS takes effect from March 1, 2022, to March, 31st 2022. In a public notice released by the Service and signed by the [...]

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]]> https://www.theinfostride.com/firs-gives-short-window-to-taxpayers-with-outstanding-liabilities/feed/ 0 New crisis emerges over stamp duties collection https://www.theinfostride.com/new-crisis-emerges-over-stamp-duties-collection/ https://www.theinfostride.com/new-crisis-emerges-over-stamp-duties-collection/#respond Tue, 22 Feb 2022 00:01:18 +0000 https://www.theinfostride.com/?p=319056 The controversy on who has the responsibility of the collection of stamp duties between the Federal Inland Revenue Service (FIRS) and the Nigeria Postal Service (NIPOST) has lingered unattended as there are indications of a fresh crisis brewing between the Federal Government and labour union over the issue. President Muhammadu Buhari, in the recently signed [...]

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]]> https://www.theinfostride.com/new-crisis-emerges-over-stamp-duties-collection/feed/ 0 FIRS disburses N147.8 billion in tax credit to Dangote, Glo, MTN, others in 2021 https://www.theinfostride.com/firs-disburses-n147-8-billion-in-tax-credit-to-dangote-glo-mtn-others-in-2021/ https://www.theinfostride.com/firs-disburses-n147-8-billion-in-tax-credit-to-dangote-glo-mtn-others-in-2021/#respond Sat, 29 Jan 2022 04:44:27 +0000 https://www.theinfostride.com/?p=317508 The Federal Inland Revenue Service (FIRS) issued tax credit to the tune of N147.8 billion in 2021, to some private investors and the NNPC. This was disclosed by Tolu Ogunlesi, the special assistant to President Muhammadu Buhari on Digital and New media on his verified Twitter handle. Mr Ogunlesi said in 2021, FIRS issued N147.8 [...]

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]]> https://www.theinfostride.com/firs-disburses-n147-8-billion-in-tax-credit-to-dangote-glo-mtn-others-in-2021/feed/ 0 FIRS going into MoU agreement with Interpol to improve revenue and plug leakages https://www.theinfostride.com/firs-going-into-mou-agreement-with-interpol-to-improve-revenue-and-plug-leakages/ https://www.theinfostride.com/firs-going-into-mou-agreement-with-interpol-to-improve-revenue-and-plug-leakages/#respond Sun, 23 Jan 2022 22:02:24 +0000 https://www.theinfostride.com/?p=317185 The Federal Inland Revenue Service, FIRS, has established that it has signed a memorandum of understanding with the InterPol to combat illegal tax evasion, stop leakages and boost government revenue. This was made known in a statement by the FIRS as the Executive Chairman of the agency, Mr Mohammad Nami signed the agreement on behalf [...]

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]]> https://www.theinfostride.com/firs-going-into-mou-agreement-with-interpol-to-improve-revenue-and-plug-leakages/feed/ 0 FCT-IRS asks for help to file tax return as it targets N200 billion revenue for 2022 https://www.theinfostride.com/fct-irs-asks-for-help-to-file-tax-return-as-it-targets-n200-billion-revenue-for-2022/ https://www.theinfostride.com/fct-irs-asks-for-help-to-file-tax-return-as-it-targets-n200-billion-revenue-for-2022/#respond Wed, 19 Jan 2022 15:17:12 +0000 https://www.theinfostride.com/?p=316933 The Federal Capital Territory Internal Revenue Service (FCT-IRS) has publized for individual and cooperate organizations to respectively file their tax returns by March 31 and January 31 in its bid to meet up with the N200 billion revenue target for the year. Haruna Abdullah, FCT-IRS Acting Chairman said this during the week while leading the [...]

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]]> https://www.theinfostride.com/fct-irs-asks-for-help-to-file-tax-return-as-it-targets-n200-billion-revenue-for-2022/feed/ 0 FIRS beckons for comprehensive revenue aggregation https://www.theinfostride.com/firs-beckons-for-comprehensive-revenue-aggregation/ https://www.theinfostride.com/firs-beckons-for-comprehensive-revenue-aggregation/#respond Tue, 07 Dec 2021 18:51:13 +0000 https://www.theinfostride.com/?p=314221 Muhammad Nami, the Executive Chairman of the Federal Inland Revenue Service(FIRS) has beckoned for a comprehensive aggregation of revenues generated at the national and sub-national levels in Nigeria. He said this on Monday at a symposium themed: “Taxation and challenges of external shocks; Lessons and policy options for Nigeria” which was organised by the FIRS [...]

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]]> https://www.theinfostride.com/firs-beckons-for-comprehensive-revenue-aggregation/feed/ 0 Capital Gains Tax and Stamp Duty are collected incorrectly says FIRS https://www.theinfostride.com/capital-gains-tax-and-stamp-duty-are-collected-incorrectly-says-firs/ https://www.theinfostride.com/capital-gains-tax-and-stamp-duty-are-collected-incorrectly-says-firs/#respond Fri, 15 Oct 2021 21:36:58 +0000 https://www.theinfostride.com/?p=310493 Muhammad Nami, the Executive Chairman of the Federal Inland Revenue Service, has actively criticized the current stamp duty and capital gain tax collection system for its inefficiency. Nami disclosed this at the 2021 tax week opening event of the Chartered Institute of Taxation of Nigeria, in Abuja on Thursday. Insecurity, a high currency rate, and [...]

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]]> https://www.theinfostride.com/capital-gains-tax-and-stamp-duty-are-collected-incorrectly-says-firs/feed/ 0 Senate asks FIRS to recover N17 billion unpaid taxes. https://www.theinfostride.com/senate-asks-firs-to-recover-n17-billion-unpaid-taxes/ https://www.theinfostride.com/senate-asks-firs-to-recover-n17-billion-unpaid-taxes/#respond Wed, 18 Aug 2021 20:10:22 +0000 https://www.theinfostride.com/?p=304230 The senate has ordered the Federal Inland Revenue Service (FIRS) to go after companies that failed to pay their taxes in 2015. A report by the office of the auditor general of the federation (AuGF) said the FIRS lost up to N17.69 billion in 2015 to some companies whose addresses it claimed could no longer [...]

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]]> https://www.theinfostride.com/senate-asks-firs-to-recover-n17-billion-unpaid-taxes/feed/ 0 Firms with untraceable addresses owe N17.69bn tax in 2015 -FIRS https://www.theinfostride.com/firms-with-untraceable-addresses-owe-n17-69bn-tax-in-2015-firs/ https://www.theinfostride.com/firms-with-untraceable-addresses-owe-n17-69bn-tax-in-2015-firs/#respond Mon, 16 Aug 2021 14:57:19 +0000 https://www.theinfostride.com/?p=303990 The Federal Inland Revenue Service confirmed that companies with untraceable addresses evaded taxes to the tune of N17.69bn, according to a report by the Office of the Auditor General of the Federation for 2015. The Senate has consequently ordered the Executive Chairman of the FIRS, Muhammad Nami, to go after the defaulters, recover and remit [...]

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]]> https://www.theinfostride.com/firms-with-untraceable-addresses-owe-n17-69bn-tax-in-2015-firs/feed/ 0 FIRS records N65bn revenue in June https://www.theinfostride.com/firs-records-n65bn-revenue-in-june/ https://www.theinfostride.com/firs-records-n65bn-revenue-in-june/#respond Thu, 08 Jul 2021 21:49:06 +0000 https://www.theinfostride.com/?p=300088 The Federal Inland Revenue Service has raked in over N650 billion in June, which is its highest monthly revenue recorded since the inception of the COVID-19 pandemic. This was disclosed on Thursday in a statement titled ‘FIRS makes historic tax haul, rakes in N650 billion in June’, signed by the FIRS Director of Communication and [...]

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]]> https://www.theinfostride.com/firs-records-n65bn-revenue-in-june/feed/ 0 #4.178 Trillion Revenue Was Generated In Taxes – FIRS Boss https://www.theinfostride.com/4-178-trillion-revenue-was-generated-in-taxes-firs-boss/ https://www.theinfostride.com/4-178-trillion-revenue-was-generated-in-taxes-firs-boss/#respond Sat, 05 Dec 2020 22:05:48 +0000 https://www.theinfostride.com/?p=276710 The Chairman of the Federal Inland Revenue Service, Mr Muhammad Nami, has announced that a sum of N4.178 trillion was generated in taxes from January 2020 to October. 2020. The Chairman who was duly represented by the Coordinating Director, Enforcement Support Group, of the Federal Inland Revenue Service, Mr Ezra Zubairu disclosed that this at [...]

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]]> https://www.theinfostride.com/4-178-trillion-revenue-was-generated-in-taxes-firs-boss/feed/ 0 FIRS Gives Time Limit On Outstanding Taxes https://www.theinfostride.com/firs-gives-time-limit-on-outstanding-tax/ https://www.theinfostride.com/firs-gives-time-limit-on-outstanding-tax/#respond Wed, 02 Dec 2020 18:46:39 +0000 https://www.theinfostride.com/?p=276334 The Federal Inland Revenue Service has announced that the time limit for waivers of penalties and interest on outstanding taxes arising from desk examinations and audit exercises is December 31. This was made known in a statement made by, the Director, Communications and Liaison Department of the FIRS, Mr. Abdullahi Ahmad. While speaking Mr Ahmad [...]

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]]> https://www.theinfostride.com/firs-gives-time-limit-on-outstanding-tax/feed/ 0 Federal Inland Revenue Service Grants Tax Palliative To Tax Payers https://www.theinfostride.com/federal-inland-revenue-service-grants-tax-palliative-to-tax-payers/ https://www.theinfostride.com/federal-inland-revenue-service-grants-tax-palliative-to-tax-payers/#respond Thu, 12 Nov 2020 13:54:48 +0000 https://www.theinfostride.com/?p=274269 The Federal Inland Revenue Service, has given tax palliatives to tax payers in the country. Thisvwas done to alleviate the effect of the pandemic on business prospects in the country. Following the EndSARS protest, FIRS, has given update on it’s page, of the economic implication of the protest, on businesses in Nigeria, and the brain [...]

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]]> https://www.theinfostride.com/federal-inland-revenue-service-grants-tax-palliative-to-tax-payers/feed/ 0 No Staff Has Tested Positive To Coronavirus – FIRS https://www.theinfostride.com/no-staff-has-tested-positive-to-coronavirus-firs/ Sun, 22 Mar 2020 00:26:51 +0000 https://www.theinfostride.com/?p=251325 The Federal Inland Revenue Service (FIRS) has rubbished reports that one of its officials tested positive to Coronavirus. In a recent statement signed by the Director, Communications and Liaison Department, FIRS, Abdullahi Ahmad, he revealed that some of their officials have been in self-isolation for five days and are yet to test positive for the [...]

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]]> There Is No Justification For FIRS Collecting Stamp Duty – Mallam Isa Pantami https://www.theinfostride.com/there-is-no-justification-for-firs-collecting-stamp-duty-mallam-isa-pantami/ Sat, 04 Jan 2020 12:48:18 +0000 https://www.theinfostride.com/?p=244369 Minister of Communication and Digital Economy, Mallam Isa Ali Ibrahim (Pantami) has blasted the move by Federal Inland Revenue Service, FIRS to collect Stamp Duties, saying that the collection is still the main responsibility of Nigerian Postal Service, NIPOST. Mallam Isa Ali Ibrahim revealed this during an interactive press session with the ICT reporters in [...]

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