A Federal High Court sitting in Port Harcourt, has dismissed an application by the Federal Inland Revenue Service, FIRS, seeking to stop the Rivers State Government from collecting Value Added Tax, VAT in the State. FIRS had through a motion … Judge...
The Lagos State government is insisting on collecting Value Added Tax (VAT) following the ruling of the Federal High Court in Port Harcourt that collection of VAT falls within the jurisdiction of state governments. With an estimated population of abo...
The Institute of the Chartered Accountants of Nigeria (ICAN) has advised the federal government and the Rivers State government to approach their ongoing tussle over the collection of Value Added Tax (VAT) carefully. This is to avoid hurting vulnerab...
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mohammed Nami, has disclosed that the Service is working on a bill to introduce road taxes for users. Mr. Nami said the bill will include the use of electronic means … FIRS Mulls R...
Nami said this on Wednesday at an interactive session organized by the house of representatives committee on finance on the 2022-2024 medium-term expenditure framework/fiscal strategy paper (MTEF/FSP) for ministries, departments, and agencies (MDAs)...
Nigeria is filled with investment opportunities, but the major challenge facing millions of people at home is finance while hundreds of Nigerians abroad are at crossroads over how and where to invest their monies. Apart from the issue of trust … 20...
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Federal Inland Revenue Service (FIRS), have expressed their commitment to recovering revenue disclosed in the NEITI audit reports of the oil, gas, and solid minerals sectors. T...
An accounting system comprises a set of records and the procedures and equipment used to perform the accounting functions. A system is a set of rules or procedures, an arrangement of things, or a group of related things that work … How Proper Accoun...
As part of efforts aimed at further simplifying tax remittances in Nigeria, SystemSpecs has collaborated with the Federal Inland Revenue Service (FIRS) to strengthen tax administration through its Remita Payment Gateway which powers payments on TaxPr...
The Lagos State Internal Revenue Service has announced plans to launch its service charter soon. According to the agency, this comes as part of the Lagos State government’s policy to improve the ease of doing business in the state. In … LIRS to Laun...