Nigeria Governors’ Forum Backs Tax Reform, Proposes Revised VAT Sharing Formula
The Nigeria Governors’ Forum (NGF) has endorsed a new Value Added Tax (VAT) sharing formula, aiming to ensure fair distribution ...
Tag: FIRS
2024: Google, Meta, X, others Paid N2.55trn Taxes to Nigerian Government in Six Months — NITDA
The National Information Technology Development Agency (NITDA) has announced that foreign digital companies, including Google, Meta, X (formerly Twitter), TikTok, ...
Northern Governors Reject Derivation-Based VAT Distribution Model, Urge National Assembly Opposition
The Northern Governors Forum, led by Gombe State Governor Muhammed Inuwa Yahaya, has firmly rejected the proposed derivation-based model for ...
Nigeria Launches Creative Economy Fund to Boost IP Financing and Empower Young Creatives
The Federal Executive Council (FEC) has approved Nigeria’s Creative Economy Development Fund (CEDF) and an Intellectual Property (IP) monetisation pilot, ...
FIRS Launches Recruitment Drive for Young Graduates as Tax Officers
The Federal Inland Revenue Service (FIRS) has announced a recruitment exercise to hire young graduates for the positions of Tax ...
House Speaker Sets 3 Weeks Deadline to Address Double Taxation for Low-Income Nigerians
The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has mandated a three-week deadline for the Committees on Finance ...
Nigeria Cuts Drug Prices with Zero VAT on Pharmaceuticals and Medical Devices
The Federal Government of Nigeria has officially implemented a zero Value Added Tax (VAT) on pharmaceutical products and medical devices ...
Federal Government Reaffirms Commitment to Boosting MSMEs with Tax Incentive
The Federal Government of Nigeria has pledged continued support for micro, small, and medium enterprises (MSMEs) by providing tax incentives ...
Aso Multi Media Partners with FIRS to Launch South West Youth Empowerment Program
Aso Multi-Media, a group dedicated to the gainful empowerment of Nigerian youths, has partnered with the Federal Inland Revenue Service ...
FIRS Announces Waiver on Accrued Penalties and Interests for Outstanding Tax
The Federal Inland Revenue Service (FIRS) has introduced a significant relief measure, declaring a complete waiver on accumulated penalties and ...
