In fulfilment of his promise to issue a Finance Act annually to accompany the nation’s budget, the President, Muhammadu Buhari presented the 2020 Finance Bill to the National Assembly on 8th October 2020. According to the President, the Finance Bill would support the implementation of the 2021 budget through key reforms in taxation, customs, excise, fiscal and other laws. After extensive stakeholders’ engagement, the Bill was passed by both houses of...

Following series of enquiries that my team and I have received on the implications of the palliative measures on tax arrears which arise as a result of desk review, tax audit and investigation, the service wishes to reassure all taxpayers with outstanding tax debt that interests and penalties will be waved, should they pay

Further to my statement on Monday 6th April 2020, on the palliative measures put in place to cushion the effects of COVID-19 on Taxpayers and my assurance to keep you updated with Information specific to taxpayers as it becomes expedient, I wish to appeal to a section of ...

On 31 March 2020, the Management of FIRS had a virtual meeting, following the federal Government's lockdown of FCT, Lagos, and Ogun States on 29th March 2020 as one of the measures to contain the spread of Corona Virus, COVID-19. We discussed specifically the necessity of FIRS to remain committed to supporting the Taxpayers to ...