Our mandate is to collect taxes, not to grant tax waivers to taxpayers – FIRS

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami has disclosed that the mandate of the Service is to collect taxes that are due to the federation and the Federal Government not to grant tax waivers to any taxpayer in the country. Nami stated this in a swift reaction to the news making the rounds that some companies among them Dangote Sinotruck Limited, Lafarge, Honeywell, etc had been granted tax waiver on pioneer status between 2019 and 2021 in the sum of N16 trillion by the FIRS…

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FIRS lists Nigeria’s 2021 top-performing taxpayers

The Federal Inland Revenue Service (FIRS) has listed Nigeria’s top-performing taxpayers in the year 2021, and commended them for their exceptional efforts in contributing towards providing the necessary funds for the government to meet its social contract with the Nigerian citizens, despite the harsh economic conditions imposed by the COVID-19 pandemic. The FIRS, in a Press Release signed by the Executive Chairman, Muhammad Nami, appreciated the country’s taxpayers, noting that without them the Service would not have been able to achieve the feat it recorded in 2021 where it surpassed…

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FIRS calls for increased collaboration Within African Countries to effectively tax digital businesses

The Federal Inland Revenue Service (FIRS) has stated that there is need for improved collaboration among countries and international stakeholders with the aim of exploring alternative rules that will enable market jurisdictions, particularly African countries, to effectively subject digital businesses to tax. This was stated during a presentation by the Executive Chairman of the FIRS, Muhammad Nami last week, Friday at a Technical Assistance Programme organized by African Tax Administrators’ Forum’s (ATAF) with the theme “Member’s Needs and How To Broaden the Collaboration,” held in Lomé, Togo. Mr. Muhammad Nami…

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We will leverage on Finance Act, 2021 to achieve adequate funding for Budget – FIRS

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…

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FIRS targets 100% automation of tax administration processes in 2022

The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100 percent automation of all its tax administration processes with the aim of blocking revenue leakages thereby revolutionizing revenue generation in Nigeria. Calling for the cooperation of Nigerians to achieve this, the Executive Chairman of the FIRS, Muhammad Nami while speaking as the special guest at the Pedabo 2022 Annual Public Private Sector Engagement on Tuesday highlighted that by virtue of the amendment to Section 25 of the FIRS (Establishment) Act in the 2021 Finance Act, any person…

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Finance Bill 2021: “Our tax system must work for every Nigerian” — FIRS boss

Executive Chairman, Federal Inland Revenue Service (FIRS), Muhammad Nami has stated the 2021 Finance Bill must be tailored towards enabling an efficient tax system that works for every Nigerian. Nami stated this to journalists after a stakeholder engagement  on the Finance Bill 2021, today at the House of Representatives, Abuja.   “Our laws and policies must first and foremost work for the Nigerian people who we have either been elected or appointed to serve.” Nami stated.   “Whatever proposals that have been submitted for consideration should be looked at critically…

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