NRS

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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President Bola Tinubu has written both the Senate and the House of Representatives four executive bills for far-reaching tax reforms, one of which is the one seeking to rename the Federal Inland Revenue Service, FIRS, to Nigeria Revenue…
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