Federal Inland Revenue Service.

Nigerian Govt Suspends Planned 5% Tax On Phone Calls, Data

September 6, 2022 5:42 am

The Federal Government of Nigeria has bowed to pressure and suspended the introduction of five percent excise tax in the digital economy sector, a tax which was earlier proposed by the Minister of Finance.

The Minister of Communications and Digital Economy, Isa Pantami disclosed this in Abuja during the inauguration of a committee that will review the policy.

Pantami explained how he personally rejected the policy and took it upon himself to advise President Muhammadu Buhari against it in view of the effects it would have on the digital economy.

Read Also: Real Reason We Digitalised Cash Transfer Payments –

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Southern Governors Take Position On VAT Collection, Zoning

September 17, 2021 12:32 am

The Southern Governors have declared their support for the collection of Value Added Tax (VAT) by state governments, in place of the Federal Inland Revenue Service (FIRS), they have as well taken a position on the zoning of 2023 Presidency.

Africa Daily News, New York reports that the governors had on Thursday met at the Enugu State Government House.

Chairman of the Forum and Ondo State Governor, Oluwarotimi Akeredolu, made the position of the governors known in a communique issued at the end of the meeting.

According to him, the meeting resolved to support the position that the collection of …

Tenants, Lessees To Pay 6% Stamp Duty: Order From FIRS

July 23, 2020 7:15 am

The Federal Inland Revenue Service (FIRS) has asked landlords and property agents to charge six per cent Stamp Duty on all tenancy and lease agreements they enter into with all leases and remit same promptly to the Service.

Mr Abdullahi Ahmad, Director, Communications and Liaison Department of the service, made this known in Abuja on Wednesday.

Ahmad said doing so was necessary so that they would not run foul of the Stamp Duty Act.

He said the admonition came following the recent release and wide circulation of a stamp duty clarification guide by FIRS Executive Chairman, Mr Muhammad Nami.

He …

FIRS Seeks To Introduce Road Infrastructure Funding Scheme

FIRS Generates ₦66bn From Stamp Duties In 5 Months

July 1, 2020 3:24 pm

The Federal Inland Revenue Service (FIRS) has generated the sum of ₦66 billion from stamp duties between January and May.

Mr Abdullahi Ahmad, the FIRS Director, Communications and Liaison Department made this known in a statement in Abuja on Tuesday.

Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

Nami said the money realised in the first five months of the year from stamp duties represented about 1,000 per cent increase.

He …

Senate President Reacts To Appointment Of New Emir Of Zazzau

Don’t Overburden Nigerians With Tax, Lawan Tells FIRS

July 1, 2020 6:30 am

President of the Senate, Ahmad Lawan, on Tuesday asked the Federal Inland Revenue Service (FIRS) to widen the tax net rather than overburden the people and business concerns.

Ola Awoniyi, his Special Adviser on Media in a statement in Abuja noted that Ahmad Lawan was the Guest Speaker at the inauguration of the Inter-Ministerial Committee on the Audit and Recovery of back years Stamp Duties.

The event was also Federal Inland Revenue Services (FIRS), formal launching of adhesive Stamp for Stamp Duties collection in Nigeria.