World News

Group Commends FIRS Chairman, Nami On Fiscal Prudence And Improved Staff Welfare The Executive Chairman of the Federal Inland Revenue Service, (FIRS) has received encomiums from the Global Economic Policy Initiative (GEPIn) for what the group describes as “fiscal prudence over the affairs of the FIRS, and ensuring maximum efficiency with minimal resources.” In a statement shared to the media by the President of the group, Mr Bernard Okri on Wednesday, the group stated that despite the limited budget of the FIRS to carry out the enormous task of collecting revenue for the Federation, it has been able to deliver…

The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with taxpayers and key stakeholders to ensure adequate funding of the country’s budget and raise the requisite financing for national development. This was stated by the Executive Chairman of the FIRS, Muhammad Nami, yesterday while delivering the keynote address at the KPMG’s Webinar on Nigeria’s 2022 Budget and the Finance Act 2021, where he also noted that the Act had provided a framework for equitable treatment, automation and deployment of ICT infrastructure, a single agency for tax collection, taxation…

To increase voluntary tax compliance, the management of the Federal Inland Revenue Service (FIRS) has introduced “Self-Service Stations” where taxpayers can file tax returns, pay taxes, apply for and validate Tax Clearance Certificates among other services, by themselves on online platforms located in FIRS tax offices across the country. This initiative is aimed at supporting taxpayers in the optimised use of the TaxPro Max solution. “As part of the Service’s effort to enhance voluntary tax compliance, the SelfService Stations will, among other things, provide taxpayers the opportunity to carry out the following services online while in the Tax Office: Filing…

NNPC GMD Kyari reveals how adulterated fuel was imported, names 4 oil companies involved The Nigerian National Petroleum Company (NNPC) Limited has explained how the adulterated Premium Motor Spirit (PMS), otherwise known as petrol was imported into Nigeria from Belgium undetected as well as the oil companies that brought it in. This is coming a few hours after the Minister of State for Petroleum Resources, Timipre Sylva, indicated that the Federal Government had ordered a major investigation to unravel the circumstance surrounding the importation and supply of the adulterated product. This was made known by the Group Managing Director (GMD)…