FIRS Announces IT System Downtime as New Tax Rules Take Effect for Small Companies
The Federal Inland Revenue Service (FIRS) has announced a temporary shutdown of its IT systems, affecting all applications and infrastructure ...
Tag: FIRS
Oil Marketers Warn 15% Import Duty Will Raise Fuel Prices, Threaten Small Businesses
Oil marketers have expressed concern that the Federal Government’s recent introduction of a 15% import duty on petrol and diesel ...
FIRS Introduces 10% Withholding Tax on Short-Term Investment
The Federal Inland Revenue Service (FIRS) has announced a new tax policy requiring banks, stockbrokers, and other financial institutions to ...
Finance Ministry Denies Policy Change on Revenue Deductions, Clarifies Cost-of-Collection Status
The Federal Ministry of Finance has dismissed reports suggesting that the Federal Government has halted the practice allowing key revenue ...
Tax ID: How to Obtain a Tax Identification Number in Nigeria
Obtaining a Tax Identification Number (TIN) in Nigeria is a free and straightforward process, and in many cases, it is ...
FIRS Dismisses Claims of Separate Tax ID Requirement for Bank Accounts
The Federal Inland Revenue Service (FIRS) has dismissed claims that Nigerians must obtain a separate Tax Identification Number (TIN) before ...
FIRS Calls For Global Reforms to Protect SMEs From Tax Evasion
The Federal Inland Revenue Service (FIRS) has called on global and national leaders to step up the fight against rising ...
Nigeria Introduces Stricter VAT Rules for Digital Services, Foreign Suppliers
Nigeria’s newly enacted Tax Act has introduced sweeping changes to the country’s value-added tax (VAT) regime, extending its reach to ...
What You Need to Know About the FIRS E-Invoice Portal
The Federal Inland Revenue Service (FIRS) has launched the e-invoice portal, a central platform that businesses in Nigeria must use ...
FG Unveils Tax Reform Package to Strengthen Fiscal Base, Ease Pressure on SMEs
The Federal Government has introduced a new tax reform package aimed at simplifying compliance, easing the burden on small businesses ...
