firs

The Digest: The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has confirmed the Federal Government will proceed with implementing new tax legislation on January 1, 2026, despite recent controversies. Key Points: Oyedele stated the rollout is on...

The Digest: The Federal Inland Revenue Service has announced that the National Identification Number will now automatically serve as the Tax ID for every Nigerian. This alignment, set under the new Nigeria Tax Administration Act, aims to simplify compliance, broaden the tax net, and reduce...

The Digest: A fire broke out on the fourth floor of a Federal Inland Revenue Service office in Abuja’s Wuse Zone 5 on Saturday, causing significant damage but resulting in no loss of life. Swift intervention by FIRS security personnel and the FCT Fire Service contained the blaze, which...

The Digest: As the January 1, 2026, enforcement date for Tax Identification Number (Tax ID) compliance approaches, widespread confusion has prompted official clarifications to dispel myths and outline the new requirements. The policy, anchored in the Nigerian Tax Administration Act 2025, aims...

The Digest: Former presidential candidate Peter Obi has urged the Federal Government to publicly release the full details of a recent tax administration Memorandum of Understanding (MoU) signed with France, citing a critical need for transparency and public trust. Obi stressed that such...

The Digest: The Federal Inland Revenue Service (FIRS) has issued clarifications defending its recently signed memorandum of understanding with France, stating that the agreement does not affect Nigeria’s tax sovereignty or grant France access to taxpayer data or digital systems. Key Points...

The Digest: Nigeria’s tax authority has signed a memorandum of understanding with France to enhance its digital tax systems using AI tools. According to the agreement, while only aggregated data will be shared, critics warn that it risks exposing sensitive economic patterns and undermining...

The Digest: The Federal Inland Revenue Service has firmly dismissed former Vice President Atiku Abubakar's claims about exclusive revenue collection arrangements, describing them as misleading and politically charged. In a detailed rebuttal, the agency clarified it operates a multi-channel...

The Digest: Taiwo Oyedele, Chairman of the Presidential Committee on Tax Reforms, has detailed a new intelligence-driven system that will aggregate data from bank accounts, travel, and utilities to identify tax evasion. Key Points: The system will aggregate data from bank accounts, travel...

The Digest: A bill seeking to place Value-Added Tax (VAT) on the exclusive legislative list has passed its second reading in the House of Representatives. The proposed law aims to resolve the prolonged conflict between federal and state governments over VAT collection by establishing a...

The Digest: The Federal Inland Revenue Service (FIRS) has announced a list of essential goods and services now exempted from Value Added Tax (VAT) under President Bola Tinubu's new tax reform laws. FIRS Executive Chairman Zacch Adedeji confirmed the exemption of four major sectors during an...

The Digest: The Federal Inland Revenue Service has called for a shift in public perception, urging Nigerians to view tax compliance not as a burden but as a civic responsibility essential for national growth. FIRS Chairman Zacch Adedeji emphasized that taxes fund critical infrastructure like...

The Digest: The Federal Inland Revenue Service (FIRS) has clarified the straightforward pathways for Nigerians to obtain their Tax Identification Number (TIN). According to a recent explainer, the process is designed to be accessible, whether undertaken online, in-person, or through a...

The Digest: The Federal Inland Revenue Service (FIRS) has released the identities of four staff members who died in the Afriland Towers fire, revealing heartbreaking details of service and unfulfilled retirements. Key Points The victims were trapped by thick smoke on the sixth and seventh...

The Digest: The Federal Inland Revenue Service (FIRS) has confirmed the death of four senior staff, two assistant directors, and two managers, in the fire that engulfed Afriland Towers on Lagos’s Broad Street. The victims were trapped in the FIRS offices on the sixth and seventh floors of the...

The Digest: President Bola Tinubu has ordered a review of deductions and revenue retentions by major government agencies like NNPCL and FIRS. The directive is aimed at boosting public savings and unlocking funds for national growth, ensuring the Fount's Flow is optimized for the economy. Key...

The Digest: The newly enacted Nigeria Tax Administration Act, 2025, introduces penalties for individuals and companies failing to meet tax obligations, including undocumented transactions and unreported office address changes. The updated law will take effect in January 2026. The Digest...

The Digest: The International Monetary Fund (IMF) has lauded the Federal Inland Revenue Service (FIRS) for achieving "significant progress" in its ongoing reforms and core duties. Speaking at the opening of an IMF-supported mission in Abuja, Paulo Paz, a Senior Economist at the IMF's Fiscal...

The Federal Capital Territory Administration (FCTA) has sealed off the Federal Inland Revenue Service (FIRS) office in Abuja over a shocking 25-year backlog of unpaid ground rent. FCTA’s Development Control Department acted on Monday morning. The FIRS office in Zone 5, Abuja, was sealed, and...