Federal Government to introduce new tax laws by September, targets regulation of cryptocurrency industry
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, announced that the Federal Government is set ...
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News and Analysis about firs
We support the government on windfall tax- Tony Elumelu
The Chairman of United Bank for Africa (UBA), Mr. Tony Elumelu has rendered his support for the recently passed windfall ...
FG to tax banks 50% of realised profits on FX gains in amended 2023 Finance Act
The federal government plans to tax bank 50% of profit realised from foreign exchange revaluation in 2023.
Analysts criticize KuCoin’s 7.5% VAT on Crypto transactions, urge for clear regulations in Nigeria
KuCoin's 7.5% VAT on Nigerian crypto transactions, effective July 8, 2024, ignites backlash amid calls for cohesive regulatory policies.
Nigeria High Court to rule on Binance Tax Evasion Case in October 11
A High Court in Abuja has scheduled the verdict for the tax evasion trial against the popular cryptocurrency platform Binance ...
FIRS records 170,000 new tax payers, 20% increase in compliance
The Federal Inland Revenue Service (FIRS) says tax collection in the first quarter of the year increased by 56% to ...
FG exempts GenCos, DisCos, others from payment of withholding tax nationwide
The Federal Government has categorized all electricity companies including the generation and distribution companies (GenCos and DisCos) as part of ...
Companies pay less tax in the first quarter of 2024 as economy worsens
A review of the recently released Company Income Tax (CIT) report for the first quarter of 2024 reveals that income ...
FIRS, NCS to get $10 million for technical assistance from $750 million World Bank loan
The Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS) are expected to receive $10 million for technical ...
Nigeria’s revenue agencies enjoy 131% surge in costs of collection bounty in Q1 2024
The Federal Inland Revenue Service (FIRS), Nigeria Customs Service (NCS), and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) have experienced ...
