ABUJA — The Federal Inland Revenue Service (FIRS) has reaffirmed that the Economic and Financial Crimes Commission (EFCC) remains central to its drive for voluntary […]
Tag: Tax
FG Makes Tax ID Mandatory for Banking, Business Transactions from 2026
New Tax Administration Act requires all taxable persons, MDAs, and foreign suppliers to register The Federal Government has made it compulsory for all taxable Nigerians […]
“Nigeria’s Tax System Set for Historic Overhaul” — Prof. Teju Somorin
Professor Olateju Somorin, popularly known as Teju Tax, has hailed Nigeria’s latest tax reforms as the most far-reaching in the nation’s history, describing them as […]
House of Representatives Begins Deliberation on President Tinubu’s Tax Reform Bills
On Thursday, the House of Representatives initiated the consideration of the Finance Committee’s report on the four tax reform bills presented by President Bola Ahmed […]
Federal Government Expands Tax Net, Inaugurates 50-Person Tax Appeal Tribunal
The Federal Government is taking decisive steps to widen the tax net and prevent evasion, according to Minister of Finance and Coordinating Minister of the […]
Kaduna State Revenue Agency Seals Hotels Over N16.7 Million Tax Arrears
The Kaduna State Internal Revenue Service (KADIRS) has sealed four hotels and recreation centers in Kafanchan, Jema’a Local Government Area, due to unpaid tax liabilities […]
FIRS Chairman Urges States to Brace for Upcoming Tax Reforms
Federal Inland Revenue Service (FIRS) chairman, Zacch Adedeji, has called on state governments to prepare for imminent tax reforms. Speaking at the 155th Meeting of […]
Lagos Tax Revolution: 50 Taxes to be Slashed, Simplified into Single Digits in 2024
The Executive Chairman of the Lagos Internal Revenue Service (LIRS), Ayodele Subair, has announced plans to streamline about fifty taxes down to single digits, aiming […]