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Tag: FIRS

FIRS collects in record N5.5 trillion in six months – Official

The Federal Inland Revenue Service (FIRS) on Thursday announced a total tax revenue collection of N5.5 trillion for the...

FIRS Public Notice on Enactment of Finance Act, 2023

The Finance Act 2023 (the “Act”) was signed into law on 28 May 2023 by former President, Muhammadu Buhari,...

Tinubu economic advisers recommend Customs, NIMASA, FIRS merger

The Council also recommended the declaration of a state of emergency on revenue generation in the country. President Bola Ahmed...

Nigeria Customs Act Amendment Bill: Finance Ministry, FIRS and the Gathering of Vultures

The present administration in the country is an enigma of sorts and will remain so for a long time...

FIRS Issues Simplified VAT regime for Non Resident Suppliers

Further to the Finance Act 2020, the Federal Inland Revenue Service, FIRS has issued simplified VAT regime for non-resident...

Ministry of Finance issues VAT (Modification) Order, 2021

The Ministry of Finance has issued a Value Added Tax (Modification) Order, 2021 with a commencement date of 30...

How to Calculate VAT on Imported Goods in Nigeria

Have you ever asked the question - How is VAT calculated on imported goods in Nigeria? If you have,...