Tag: FIRS

News

FIRS exempts food, education from value-added tax

Nigeria’s tax landscape is undergoing a historic overhaul, with the Federal Inland Revenue Service exempting food, education, shared transportation, and agriculture from value-added tax. The reforms, described as the most significant fiscal transformation since independence, aim to ease the burden on citizens and businesses while improving government revenue collection. The Executive Chairman of FIRS, Zacch […]

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Four FIRS staff die in Afriland Towers fire

Tragedy struck at Afriland Towers on Broad Street, Lagos, on Tuesday when a fire outbreak claimed the lives of four staff members of the Federal Inland Revenue Service. The victims, identified as Mrs. Ekelikhostse George (Assistant Director), Mr. David Sunday-Jatto (Assistant Director), Mrs. Nkem Onyemelukwe (Senior Manager), and Mr. Peter Ifaranmaye (Manager), were working at […]

Banking

Your NIN is enough for banking, no separate TIN required — FIRS

The Federal Inland Revenue Service has dismissed claims that Nigerians must obtain a separate Tax Identification Number before they can own or operate a bank account, insisting that the new framework integrates seamlessly with existing national registries such as the National Identification Number and Corporate Affairs Commission records. This clarification comes amid widespread debate following […]

Business

FIRS certifies eTranzact for nationwide e-invoicing rollout

The Federal Inland Revenue Service has approved eTranzact International Plc as a certified provider for its nationwide e-invoicing initiative, building on their earlier collaboration on VAT automation under Tax Administration 2.0. In a statement, the company said the certification reinforces eTranzact’s role as a trusted partner in the government’s drive to digitise tax and business […]

Business

DigiTax names Olumide Akinsola as country director for Nigeria market

DigiTax, a leading pan-African e-invoicing and tax compliance service, has appointed Olumide Akinsola as its country director to spearhead its entry into the Nigerian market. The leadership move comes shortly after the Namiri Technology Limited-powered platform secured official accreditation from the Federal Inland Revenue Service. The Federal Inland Revenue Service had accredited the platform as […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

FIRS unveils 16 tech firms for e-invoicing platform rollout

The Federal Inland Revenue Service on Thursday introduced 16 technology firms appointed as service providers to help taxpayers onboard its e-invoicing platform ahead of the November 1, 2025 deadline. FIRS said the firms were certified by the National Information Technology Development Agency for their technical capacity to deliver the required services. Acting Director of Tax […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

FIRS halts tax exemption certificate issuance for all taxpayers

The Federal Inland Revenue Service has announced the suspension of tax exemption certificates for all categories of taxpayers, including pioneer status companies, non-governmental organisations, and businesses in free trade zones. In a public notice, the agency said the move is aimed at promoting transparency and ensuring compliance with current tax regulations. “The issuance of Tax […]

Bolt hits 250m ride after seven years in Nigeria
News

Court backs FIRS on VAT collection from ride-hailing services

The Federal High Court in Lagos has ruled in favour of the Federal Inland Revenue Service, affirming its authority to collect Value Added Tax on food delivery and transport services offered through digital platforms such as Bolt. Justice Akintayo Aluko delivered the judgment on Thursday, dismissing an appeal filed by Bolt’s Nigerian operators against an […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
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OAGF partnership key to building smarter tax systems – FIRS

The Executive Chairman of the Federal Inland Revenue Service, Dr. Zacch Adedeji, described the Office of the Accountant-General of the Federation as a key partner in advancing tax compliance, accountability, and revenue generation in Nigeria. Adedeji noted that the OAGF’s strategic role in overseeing financial controls and disbursements across Ministries, Departments, and Agencies placed it […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
News

FIRS to host conference on illicit financial flows

The Federal Inland Revenue Service is set to host a two-day national conference on illicit financial flows, aimed at strengthening efforts to curb tax evasion and protect Nigeria’s financial system. In a statement on Sunday, the Special Adviser on Media to the FIRS Chairman, Dare Adekanmbi, said the conference will take place from July 22 […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

New tax reforms to take effect January 1, 2026 – FIRS boss

The Executive Chairman of the Federal Inland Revenue Service, Zacch Adedeji, has announced that the recently enacted tax reform laws will take effect from January 1, 2026. He explained that the six-month window will allow time for adequate planning, stakeholder engagement, and alignment with the fiscal year. Adedeji made this disclosure while speaking to State […]

FCTA shuts FIRS, Access Bank Abuja offices over rent debt
Business

FIRS knocks FCTA, denies owing ground rent

The Federal Inland Revenue Service has criticized the Federal Capital Territory Administration for sealing off one of its offices in Abuja, adding that the agency had no outstanding rent payments to the FCTA. The agency condemned the action as “deliberate misconduct” and “highly unprofessional.” In a statement posted on X (formerly Twitter), the Technical Assistant […]