FIRS Rakes-in Record N5.5 Trillion In Six Months
The Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax…
Continue readingThe Federal Inland Revenue Service (FIRS) has announced a total tax revenue collection of N5.5 trillion for the half-year period of January to June 2023. This is the highest tax…
Continue readingCompanies that were unable to file their Companies Income Tax returns for the 2023 year of assessment (YOA) that fell due on the 30th of June 2023 have been given…
Continue readingNigeria’s Tax-to-GDP ratio which, in the last 12 years, hovered between 5% to 6% rose to 10.86% by the end of 2021. The new ratio was communicated to the Federal Inland…
Continue readingThe Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami has been named winner of the Institute of Chartered Accountants of Nigeria (ICAN) Merit Award 2023 in its Non-Members…
Continue readingBy Chukwudi Enekwechi, JP In all societies – both ancient and modern, paying taxes has remained a means through which citizens reciprocate the government’s social services to them. Of course…
Continue readingA delegation from the Organisation for Economic Co-operation and Development (OECD) met with Nigerian representatives on 4th and 5th April 2023, at a workshop it jointly organised with the Federal…
Continue readingTo 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…
Continue readingDapo Okubanjo It is the norm in every society, for the authorities and the people to have what is loosely referred to as a social contract or an implicit agreement.…
Continue readingTax administrators must keep up with the dynamics occasioned by disruptive new technologies of the 21st century, and arm themselves with the necessary skills, capacity and character for effective and…
Continue readingTax 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…
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