By TOM CHIAHEMEN, Abuja – All is now set for the 42nd annual technical conference of the Commonwealth Association of Tax Administrators (CATA), which opens in Nigeria’s capital, Abuja, on Monday. This year’s Technical Conference, scheduled to hold from November 28 to December 1, 2022 is being hosted by...
FIRS
The House of Representatives on Wednesday grilled Shell Petroleum Development Company of Nigeria, Total Energies and First E and P over alleged tax evasion. The companies appeared before the ad hoc Committee investigating the Structure and Accountability of the Joint Venture (JV) Business and Production Sharing Contracts (PSCs) of...
Officially launches, Micro and Small Tax Office, Epe, Lagos … By OLA MUDOPE, Lagos – The Federal Inland Revenue Service (FIRS), has announced the opening of 25 new Tax Offices across the country. These new Tax Offices, approved by the Muhammad Nami led management, are part of the Service’s goal to...
The House of Representatives Ad hoc Committee Investigating the Structure and Accountability of Joint Venture (JV) Business and Production Sharing Contracts (PSCS) of Nigerian National Petroleum Corporation (NNPC) Ltd has summoned the Chairman of Federal Inland Revenue Service (FIRS). The Chairman of the service, Mr Muhammad Nami, was summoned...
The Federal Inland Revenue Service (FIRS) on Wednesday urged the Tax Appeal Tribunal sitting in Abuja not to accept an appellate’s witness as expert in tax transaction. At the resumed hearing, FIRS through its counsel, Mr Daniel Onukun, submitted that the appellant’s witness, Mr Martin’s Aroke was just an...
By JOY ADARA, Abuja – MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service. This is contained in a...
By JOY ADARA, Abuja – Tax dialogues, which provide a platform for exchange of diverse ideas on taxation, have been described as a tool for engendering tax compliance through collective ownership of the tax system, as well as a means to strengthening tax systems. The Executive Chairman of the...
The Federal Capital Territory (FCT) High Court, Apo, has fixed Tuesday, November 8, 2022, for the formal arraignment of the Chairman of Zinox Group, Leonard Stanley Ekeh; wife, Chioma, and nine other suspects in an alleged N170.3 million contract fraud. The arraignment by Human Rights lawyer, Femi Falana, a...
The House of Representatives ad hoc committee investigating the structure and accountability of the Joint Venture (JV) businesses and production sharing contracts (PSCS) of the Nigerian Petroleum Corporation (NNPC) has accused oil companies of tax evasion. Rep. Abubakar Fulata, the Chairman of the committee said this in Abuja on...
By JOY ADARA, Abuja – The Federal Inland Revenue Service (FIRS) has stated that it has commenced the deduction of taxes at transaction points from Online Gaming Transactions using the Sentinal National Payment Gateway and Electronic Solution. In a Public Notice signed by its Executive Chairman, Muhammad Nami, the...
Managing Director of Citadel Oracle Concepts Limited, Benjamin Joseph, has tongue-lashed the Chairman, Zinox Group, Leo Stan Ekeh, for falsely denying his involvement in a N170.3 million contract fraud. Mr Ekeh had in reports widely publicised in the media last week, denied that he, his wife, Chioma, and nine...
By JOY ADARA, Abuja – The moral right of citizens to demand accountability from government on what their taxes have been used for, is dependent on when citizens have themselves heeded to their civil obligations to pay taxes. This was the position of the Executive Chairman of the Federal...
By JOY ADARA, Abuja – The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has said a beautiful Nigeria is possible through the proliferation of Entrepreneurship and Industrial Hubs across the Federation, noting that the adoption of this model would create all-round economic transformation. In his...
By JOY ADARA, Abuja – The Federal Inland Revenue Service (FIRS) has cautioned Ministries, Departments and Agencies of Government (MDAs) against the appointment of consultants and concessionaires to collect taxes due to the Federal Government or any of its agencies, as the FIRS is the sole agency of government...
By JOY ADARA, Abuja – The Road Infrastructure Tax Credit Scheme has been described by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami as one of the greatest innovations of the Federal government in its resolve to tackle Nigeria’s infrastructure deficit. The scheme which provides...
The Federal Government has suspended the introduction of five percent excise duty in the digital economy sector, a tax which was earlier proposed by the Minister of Finance. The Minister of Communications and Digital Economy, Isa Pantami disclosed this in abuja during the inauguration of a committee that will...
By JOY ADARA, Abuja – The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the...
By CALLISTUS OFFOR, Abuja – The Federal Inland Revenue Service (FIRS) has cautioned the general public to be vigilant and circumspect not to deal with scam artists who pose as recruitment agents for the Service and collect huge sums of money from unsuspecting victims with the promise to provide...
By JOY ADARA, Abuja – The Executive Chairman of the Federal Inland Revenue Service (FIRS) Muhammad Nami has called on professional bodies in the regulation of tax practice to lead conversations on matters of tax policy and tax laws in the country. Mr. Muhammad Nami made the call yesterday...
By MBAFAN ADE, Abuja – The filing of Companies Income Tax Returns for the 2022 Year of Assessment, due on 30th June 2022, has been extended to 31st August 2022, for companies who were unable to meet up with the deadline as at the end of June, 2022. The...