World News

With Cooperation, We Can Improve Revenue Mobilization For Our Two Nations - Nami Tells Niger Tax Authority The revenue mobilization of Nigeria and Niger Republic can be improved if the revenue authorities of both countries work together to deepen their relationship, share tax information and engage in mutual administrative assistance, Muhammad Nami, Executive Chairman of the Federal Inland Revenue Service (FIRS) has stated. Mr. Nami stated this while receiving his Niger Republic counterpart, the Director General of the Niger Tax Authority, Mallam Ousmane Mahamane and his delegation at the Headquarters of the FIRS, during a cooperation visit to the Service…

Pay TV company, Multichoice, has announced new rates for its offerings in Nigeria, the firm’s latest price increase that is bound to irk its customers. The firm said from April 1, subscribers will pay more for all its bouquets and its premium package on DSTV will cost N21,000, no longer N18,400. Compact Plus which cost N12,400 before will now go for N14,250, while Compact will cost N9,000 instead of N7,900. Confam will cost N5,300 and no longer N4,615, while Yanga subscribers will pay N2,950 and not N2,565. The firm blamed “rising costs of inflation and business operations” for the increase…

FIRS Offers Concession To Taxpayers With Outstanding Foreign Currency Tax Liabilities Taxpayers who have outstanding foreign currency tax liabilities can now take advantage of the Federal Inland Revenue Service (FIRS) one-month window to settle these liabilities in Naira, with effect from the 1st of March, 2022, to 31st March, 2022, this is according to a Public Notice released by the Service and signed by the Executive Chairman, Muhammad Nami. The FIRS stated that it had received requests and enquiries from taxpayers on challenges being encountered in sourcing for foreign currencies to offset their outstanding tax liabilities. “In view of the…