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Foreign shipping firms must obey tax laws- FIRS
Business

Technology key to implementing new tax laws — Adedeji

The Executive Chairman of the Nigerian Revenue Service, Zacch Adedeji, has said technology will play a central role in implementing the country’s new tax laws. He spoke on Wednesday at the inaugural convocation lecture of the Federal Polytechnic, Ayede, in Ogo-Oluwa Local Government Area of Oyo State. The lecture was titled, “The Role of Technology […]

featured Finance

No VAT on transfers but bank service fees — NRS

The Nigeria Revenue Service has dismissed reports claiming that Value Added Tax is being charged directly on bank transfers, clarifying that the 7.5 per cent VAT applies only to service fees charged by banks and not to the funds transferred by customers. In a statement issued on Thursday, the revenue agency described recent media reports […]

featured Finance

Tax reforms: NRS is more than branding, says chairman

Nigeria’s newly established Nigeria Revenue Service has said that its emergence as a replacement for the defunct Federal Inland Revenue Service represents a major overhaul of the country’s revenue administration framework rather than a mere change of name. The Executive Chairman of the NRS, Dr Zacch Adedeji, made this known during a television interview monitored […]

Foreign shipping firms must obey tax laws- FIRS
Business

Tax rumours, misinformation mostly circulated by those avoiding payment – NRS boss

The Chairman of the Nigeria Revenue Service, Zach Adedeji, has stated that those circulating rumours about Nigeria’s new tax laws are mostly individuals seeking to evade taxes. Speaking in an interview with Arise TV on Sunday, Adedeji clarified the importance of bank transfer narrations under the new tax framework, dismissing claims that personal transfers are […]