BUSINESS

Breaking: FIRS extends due date for filing 2023 companies Income Tax Returns

Daily Dispatch July 10, 2023

Companies 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 up to 31st August, 2023 to submit their returns to the Federal Inland Revenue Service (FIRS). The FIRS in a Public Notice signed by

BUSINESS

Multiple Taxation: FIRS partners with Market Traders Association of Nigeria (MATAN) for VAT remittance from informal sector

Daily Dispatch June 22, 2023

The Federal Inland Revenue Service (FIRS) has partnered with the Market Traders Association of Nigeria (MATAN) to collect and remit Value Added Tax (VAT) to the FIRS from the country’s markets, especially in the informal sector. The Association according to Johannes Oluwatobi Wojuola Special Assistant to the Executive Chairman, FIRS Media and Communication in a […]

NEWS

Muhammad Nami, Executive Chairman, FIRS Wins ICAN Merit Award

Daily Dispatch May 7, 2023

The 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 Category at the Institute’s 2023 Annual Dinner Awards. Mr. Nami, who received the Award at the Monarch Event Centre, Lagos, yesterday was described by the […]

TOP STORIES

Breaking: FIRS extends tax debt payments to August 31st

Daily Dispatch July 8, 2020

The Federal Inland Revenue Service (FIRS) has further extended the closing date of its waiver of penalty and interest window on tax debts owned by individuals and businesses from June 30, 2020 to August 31st, 2020.   Executive Chairman, FIRS, Mr. Muhammad Nami, disclosed this latest extension in a statement issued on Wednesday by Director, Communications […]

TOP STORIES

House rent agreement, CofO, others must carry stamp duty, says FIRS

Daily Dispatch July 2, 2020

The Federal Inland Revenue Service (FIRS) has alerted Nigerians and others resident in the country to make sure that documents pertaining to rent or lease agreements for their homes or offices, Certificate of Occupancy (CofO) as well as a list of other common business-related transaction instruments are subject to authentication with the new FIRS Adhesive […]

COLUMNS

On making stamp duty the new blck gold

Daily Dispatch July 1, 2020

By Muhammad Nami This matter of making the Stamp Duty (and by implication tax revenue) the next black gold has occupied my mind even long before I was appointed the Executive Chairman of the Federal Inland Revenue Service. I have thought that given the way the Nigerian economy has been experiencing some difficulties due to […]