Tag Archives: FIRS

A Memorandum of Understanding between Nigeria’s Federal Inland Revenue Service (FIRS) and the United Kingdom’s His Royal Majesty’s Revenue and Customs (HMRC) was signed yesterday with the aim of fostering improved collaboration on capacity building between the two tax authorities. The two agencies signed the agreement in London, United Kingdom, …

TAX is a compulsory contribution to state revenue levied by the government on workers’ income and business profits, or added to the cost of some goods, services, and transactions. But for the sake of clarity, this piece will be focusing on tax as citizen’s obligation or contribution towards national development. …

TO begin this discussion,  it is imperative that we attempt to understand what taxes are all about. Taxation is defined as the imposition of compulsory levies on individuals or entities by governments across the world. Taxation is used primarily to raise revenue to finance government expenditures among other reasons. The …

ACRONYMED“FIRS”, the Federal Inland Revenue Service has stood out since its rebirth in 2019 under the leadership of its Executive Chairman, Muhammad Mamman Nami as one more agency of government working hard for the benefit of all Nigerians. Indeed FIRS broke the jinx and did wonders for the country by …

When the music is good to our ears, we dance. And if we cannot dance, then we clap. Or we do both! This piece is not to sing the praises of a government agency without rhyme or reason. It is a fact based opinion piece on the historic feat of …

The Federal Inland Revenue Service (FIRS) yesterday signed a Memorandum of Understanding (MoU) with the Lagos Internal Revenue Service (LIRS) where the two tax authorities would collaborate on joint tax audit, investigation and automatic exchange of information. The MoU signing ceremony which took place at the State House, Marina, Lagos …

Phe Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, has stated that his recognition by the LEADERSHIP Awards as the Newspaper’s Public Service Person of the Year 2022 is a morale booster for the Service to do more. Mr. Nami stated this while speaking to journalists after receiving …

By Salisu Na’inna Dambatta MANY Nigerians hold the notion and presume wrongfully that every money invested in various development projects by the three tiers of government came from one loan or the other. The fact is that most of the money deployed to finance national development in this country was …

The Federal Inland Revenue Service as we know it is the federal government agency charged with mobilizing revenues through tax collections across the length and breadth of Nigeria for the development of the country. At a time when the country is witnessing a significant reduction in oil revenues (Nigeria’s major …

The Federal Inland Revenue Service, FIRS, on Monday said it collected over N10 trillion in tax revenue in 2022, which is the highest tax collection in its history. In 2021, FIRS achieved a record tax collection of N6.405 trillion. The Service built on the success of the preceding year in …