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Trial of top FIRS officials, ex-directors stalled over absence of defendant
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionThe trial of some top officials of the Federal Inland Revenue Service (FRIS) and two former directors before Justice Bolaji Olajuwon of a Federal High Court (FHC) Abuja was on Tuesday stalled. The ...
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Lagos State Government presents State VAT Bill
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionThe Lagos State Government today 8 September 2021 presented the State Value Added Tax (VAT) Bill 2021 (&ldquo the Bill&rdquo ) at a stakeholders meeting organized by the House of Assembly (&ldquo t ...
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Multichoice deposits 8bn in FIRS account over tax evasion dispute
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionMultiChoice Nigeria Limited said Thursday that it has paid N8 billion in two tranches to the (FIRS) account as required by the law guiding disputes over tax evasion. MultiChoice the parent c ...
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VAT judgement: FIRS may lose N92bn revenue to states
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionA report on FIRS official website revealed that the service collects four per cent as cost of collection for non-oil revenue collected. The FIRS is one of the agencies of the government that genera ...
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CBN directs Niger State banks to continue strike amid tax crisis
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionCommercial banks in Niger State have been ordered by the Central Bank of Nigeria (CBN) to go on strike unless the state&rsquo s Internal Revenue Service withdraws the tax levied against them. ...
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FIRS insists on its position on VAT collection, asks taxpayers not to panic
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionHmmmm. Are you aware of all the yummy stuff going on with FIRS? The Federal Inland Revenue Service (FIRS) has urged taxpayers not to panic over the recent court ruling by the Federal High Court sitti ...
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FIRS issues tax return guidelines for Free Zone enterprises in Nigeria
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionBackground The Federal Inland Revenue Service (FIRS) recently issued a circular setting out guidelines for the filing of tax returns and other compliance obligations relating to approved enterprises ...
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A review of the Tax Appeal Tribunal’s ruling In Multichoice Nigeria Limited vs the FIRS
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionThe FIRS alleged that MultiChoice Nigeria (MCN or the Company) had under-remitted about N1.8 trillion in taxes and directed banks with which the Company had accounts to freeze such accounts recover ...
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The National Agency For Science And Engineering Infrastructure Levy
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionThe National Agency for Science and Engineering Infrastructure (NASENI or &ldquo the Agency&rdquo ) was established by the NASENI Act Cap N3 LFN 2004 (&ldquo the Act&rdquo ) in 1992. The Agency has a ...
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FIRS Issues Information Circulars On Provisions Of Tax Laws Amended By The Finance Act, 2020
Posted by Iheonu Nkechi Gloria 2 years agoTax DiscussionThe Federal Inland Revenue Service ( FIRS ) has issued information circulars and guidelines intended to provide clarification to all stakeholders and provide insight into practical issues associated w ...
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