The Federal Inland Revenue Service (FIRS) has clarified that the National Identification Number (NIN) issued by the National Identity Management Commission (NIMC) now automatically serves as the Tax Identification Number (Tax ID) for individual Nigerians under the new tax framework. The clarification was made in a public sensitisation video on the new tax laws that […]
NIN now serves as Tax ID for Nigerians — FIRS Read More »
No lives were lost on Saturday after a fire breaks out at FIRS office located at No. 15 Sokode Crescent, Wuse Zone 5, Abuja, the Federal Inland Revenue Service (FIRS) has confirmed. The incident occurred in the early hours of the morning on the fourth floor of the building. According to FIRS, security personnel on
Abuja: No casualties as fire breaks out at FIRS office Read More »
The Federal Inland Revenue Service (FIRS) has confirmed that Food, school fees, transport, and farming will no longer attract value-added tax (VAT) under President Bola Tinubu’s new tax reforms The Executive Chairman of FIRS, Zacch Adedeji, made the announcement in an interview to mark his two years in office. He said the reforms are
From food to farming: What Tinubu’s new tax law means for you Read More »
The Federal Inland Revenue Service (FIRS) has urged Nigerians to view tax payment as a civic responsibility and a foundation for national growth rather than a punishment. FIRS Chairman, Zacch Adedeji, made the appeal on Wednesday in Kaduna during a one-day sensitisation programme on The Role of Media in Voluntary Tax Compliance. He was
Tax means of development not punishment – FIRS Read More »
The Federal Inland Revenue Service (FIRS) has clarified that Nigerians will not be required to obtain a separate Tax Identification Number (TIN) before opening or operating bank accounts, contrary to recent media reports. Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to FIRS Chairman Zacch Adedeji, said on Saturday that the reports were misleading. “In
No extra TIN required for banking, FIRS clarifies Read More »
In accordance with rules set forth by the Federal Inland Revenue Service, OPay has declared a new fee for electronic transfers into personal and commercial accounts. With effect from September 9, 2024, transfers of N10,000 and above will be subject to a one-time N50 fee. Dear valued customers, please be informed that effective September 9,
OPay charges N50 transfer levy only on transactions above N10,000 Read More »
Babatunde Fowler, executive chairman, Federal Inland Revenue Service (FIRS), says the federal government is processing court documents that will allow it sell properties of companies who have been evading taxes. Speaking on Wednesday on The Core, a programme on Channels Television, Fowler said the N20 billion realised from the voluntary assets and income declaration scheme
We’ll start selling properties of companies who don’t pay tax -FIRS Read More »
