The Nigeria Revenue Service (NRS) has dispelled news going around on the imposition of Value-Added Tax (VAT) on banking services, including electronic money transfer, fees and commissions. Mr Dare Adekanmbi, Special Adviser on Media to Dr…
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The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent Value Added Tax on certain electronic banking services, which include point of sale (POS) transaction fees, mobile banking transfer fees. The new…
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A new era in revenue administration began on Wednesday as the Nigeria Revenue Service replaced the Federal Inland Revenue Service (FIRS) and unveiled its new institutional brand identity. The Nigeria Revenue Service commenced operations…
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The National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) has now automatically become a Tax ID for Nigerians starting from January 2026, according to the Federal Inland Revenue Service (FIRS).…
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The Muslim Rights Concern (MURIC) has called for the suspension of the FIRS– FRENCH TAX LAW and a probe into the alleged  legislative fraud. This was contained in a press release statement issued and made available to newsmen in Sokoto by…
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The immediate past Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, has condemned the alleged unauthorised alteration of the Tax Administration Act, advising that the National Assembly should consider passing a…
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The Federal Inland Revenue Service (FIRS) has disclosed that a fire incident occurred at one of its offices in its Abuja headquarters on Saturday. According to a statement by Sikiru Akinola, Technical Assistant (Print Media) to the…
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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of two officials of the National Assembly, Mustapha Mohammed and Tijjani Goni, for their involvement in a N4.8m job scam. According…
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The federal government has reaffirmed that all lawyers and law firms are legally required to remit the 7.5 percent Value Added Tax (VAT) to the Federal Inland Revenue Service (FIRS), in line with the new tax reform law scheduled to take…
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The Federal Inland Revenue Service, FIRS, has plunged into mourning following the death of four of its senior staff members in the fire incident that gutted Afriland Towers on Broad Street, Lagos, on Tuesday. The deceased staff were…
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