FIRS

Business and Economy

NIN, CAC number now tax ID for Nigerians, FIRS says

THE Federal Inland Revenue Service (FIRS) has directed that the National Identification Number issued by the National Identity Management...
Harrison EDEH -
Tax and Taxation

Experts differ as FIRS claims MoU with France won’t compromise taxpayers’ data

THE Federal Inland Revenue Service (FIRS) has said the memorandum of understanding (MoU) it signed with France’s Direction Générale...
Harrison EDEH -
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Business and Economy

Nigeria loses $4m World Bank loan over audit failures in Customs, FIRS

The Federal Government is expected to lose $4 million from a World Bank loan after failing to meet auditing...
Harrison EDEH -
Political Economy

Nigeria’s journey through tax reforms: Timelines and milestones

TAX reform has been a pivotal subject in Nigeria’s economic discourse, as successive administrations grapple with boosting revenue and...
Fatimah QUADRI -
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Business and Economy

Banks taxed 50% FX gains in proposed 2023 Finance Act amendment

NIGERIAN banks would be taxed 50 per cent of their recorded gains in "foreign exchange (FX) revaluation" in 2023,...
Harrison EDEH -
Banking and Finance

FIRS directs banks to deduct stamp duty charges on mortgages

THE Federal Inland Revenue Service (FIRS) has reportedly asked the Nigerian banks to deduct a 0.375 per cent stamp...
Ehime ALEX -
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