Tags Firs

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FIRS Lost N5.8bn To Tax Evasion By MDAs, others – Report

The non-remittance of tax deductions by ministries, departments and agencies of government as well as the House of Representatives and Senate led...

Breaking: Revenue Formula: FG Proposes 50.65%, 25.62%, 23.73% for FG, States and LGs

The Federal Government has proposed a revenue allocation formula of  50.65%; 25.62 %; and 23.73% for Federal States and Local Governments in...

We Didn’t Budget N2.8bn For Uniforms – FIRS

The Federal Inland Revenue Service (FIRS) has denied budgeting N2.8 billion for uniforms and N550m for meals in the 2021 Appropriation Budget.

VAT Controversy: FIRS May Lose Over N2.4trn Revenue To States

The Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal...

FIRS Records N65bn Revenue in June

The Federal Inland Revenue Service has raked in over N650 billion in June, which is its highest monthly revenue recorded since the...

Sanwo-olu Appoints New Lagos Fire Service Boss

The Lagos State Governor, Mr Babajide Sanwo-Olu, has confirmed the appointment of the Acting Head of the Lagos Fire and Rescue Service,...

LIRS Extends Deadline For Individual Annual Tax Returns’ Filling

Lagos State Internal Revenue Service has extended the deadline for filing of individual annual tax returns by two weeks starting from April...

Reps summon FIRS boss, query tax waiver for P&G

The House of Representatives’ Committee on Public Accounts has invited the Chairman of Federal Inland Revenue Service, Mr Muhammad Mami, over a...

FIRS Still in Charge of Stamp Duties Collection

The Federal Inland Revenue Service (FIRS) has debunked news reports which claimed that the Finance Act 2020 has stripped it of Stamp...

2,799 workers Change Pension Firms, Move N18.89bn

No fewer than 2,799 workers under the Contributory Pension Scheme have moved their Retirement Savings Accounts from their former Pension Fund Administrators...

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