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…
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…
Tinubu economic advisers recommend Customs, NIMASA, FIRS merger
President Bola Ahmed Tinubu's economic advisers have proposed the merger of the Federal Inland Revenue Service (FIRS), Nigeria…
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…
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…
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…
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…