Taxation

CITN President, Samuel Agbeluyi; Sylvester Irem, and members after the Investiture in Abakaliki, on Saturday     Judith Echefu, Abakaliki   Chartered Institute of Taxation of Nigeria (CITN) has urged Nigerians to get behind the tax reform bill, which is currently before the National Assembly. According to the CITN President/Chairman…

    Stanley Ihedigbo   Federal Government of Nigeria has filed a lawsuit against cryptocurrency exchange company Binance Holdings Limited, demanding $79.51 billion and ₦231 million in compensation for alleged economic losses caused by its operations in the country. The lawsuit, filed by the Federal Inland Revenue Service (FIRS) at…

  Stanley Ihedigbo   Institute of Chartered Accountants of Nigeria (ICAN) has inaugurated a chapter for the Federal Inland Revenue Service (FIRS), and in the process, praised the leadership style of FIRS’s Executive Chairman, Zacch Adedeji. ICAN’s President, Davidson Alaribe, commended Adedeji’s leadership, emphasizing the importance of upholding high ethical…

    Stanley Ihedigbo   Lagos State Government has reaffirmed its commitment to providing free West African Examinations Council (WAEC) registration for Secondary School Three (SS3) students in state-funded secondary schools. The policy is part of the government’s broader effort to provide free education from kindergarten to SS3, which remains…

  Stanley Ihedigbo   Lagos State Internal Revenue Service (LIRS) has issued a timely reminder to all employers in Lagos State, urging them to submit their annual tax returns for the 2024 financial year on or before January 31, 2025. The directive is by the provisions of the Personal Income…

  By Abdullahi Olayiwola Gegele Nigeria’s first attempt at incorporating Value-Added Tax (VAT) as a means of generating additional tax revenue was in 1986 under the General Ibrahim Babangida military junta when decree No 7 was promulgated to legalize sales tax (now VAT) and was being collected by the 36…

L-R: Executive Chairman, Lagos State Internal Revenue Service (LIRS), Mr. Ayodele Subair conferred with a doctorate degree in Business Administration (honoris causa) and Governor of Ondo State, Hon. Lucky Aiyedatiwa, doctorate degree in Public Administration (honoris causa) of the Adekunle Ajasin University, Akungba-Akoko (AAUA), Ondo State during the investiture, 13th…

                Stanley Ihedigbo   Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, was welcomed with open arms by ecstatic workers at the agency’s headquarters in Abuja. The staff gathered to express their gratitude for Adedeji’s exceptional welfare packages, which have…

L-R, President and chairman of council, Nigerian Institution of Estate Surveyors and Valuers (NIESV), Mr Victor Alonge; and the chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, during Alonge’s visit to the Revenue House in Abuja, on Thursday.       Stanley Ihedigbo   Chairman of the Federal Inland Revenue…

From L-R, a member of the House of Representatives Finance Committee, Honourable Chike Okafor; another member, Honourable Abiodun Akinlade; Deputy Chairman of the Committee, Honourable Seidu Abdullahi; chairman, Honourable James Faleke; chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji; Special Adviser on Infrastructure to the FIRS chairman, Mr Kunle Ogidi,…