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The federal government recently enacted a new law, the Federal Capital Territory Internal Revenue Service Act, 2015.

The Acting President, Prof. Yemi Osinbajo on 29 June 2017 signed an Executive Order backing the implementation of the Voluntary Asset and Income Declaration Scheme (VAIDS).

The Federal Inland Revenue Service recently released the Income Tax (Country by Country Reporting) Regulations, 2018, which marks yet another significant step by Federal Government of Nigeria ...

In June 2018, the Federal Executive Council (FEC or the Council) announced its approval of two Executive Orders and five Amendment Bills touching on key provisions in the Nigerian tax

The Nigerian tax authorities have been making efforts aimed at increasing the level of tax collections and improving government revenue generation from taxation.

FIRS recently circularised some banks to recover unpaid taxes from taxpayers that maintain bank accounts with such banks.

On Monday 6 February 2023, the Federal Inland Revenue Service and Lagos Internal Revenue Service signed a Memorandum of Understanding to establish a Joint FIRS and LIRS Audit and Investigation Team.

The Federal Inland Revenue Service (FIRS) has started issuing demand letters for payment of administrative penalties to taxpayers who did not file Country-by-Country Reporting

On Friday, 4 June 2021, the Federal Inland Revenue Service issued a Public Notice providing guidelines on the administration of its TaxPro-Max e-filing platform.

The Federal Inland Revenue Service (FIRS) has issued 3 Public Notices...

Federal Inland Revenue Service (FIRS), on 21 February 2019, issued guidelines setting out steps that taxpayers must follow for initiating Mutual Agreement Procedure (MAP).

Following the suspension of lien placed on the bank accounts of alleged non-compliant taxpayers in February 2019

The FIRS has issued a Public Notice on the deduction of withholding tax and VAT on compensation paid to agents, dealers, distributors and retailers by principal companies

His Excellency, President Bola Tinubu, GCFR, has presented the 2024 Federal Government Budget Proposals at the joint session of the National Assembly in Abuja.

TIN refers to Taxpayer Identification Number whiles BVN refers to Bank Verification Number. For anyone seeking to start their business in Nigeria, TIN and BVN are two important things you must obtain.

The committee, headed by Prof Abiola Sanni, submitted its report in September 2016.

On 29th January, 2021, the Lagos Internal Revenue Service ("LIRS" or "the Service") issued a Public Notice informing taxpayers of its grant of extension to the deadline for filing 2020 annual employees Pay-As-You-Earn (PAYE) tax returns by two weeks.