Tag: FIRS

FIRS e-Invoicing accreditation: How PwC’s landmark role is transforming Nigeria’s digital tax compliance

Business Damilola Bayonle -
FIRS e-Invoicing Accreditation and the Drive for Real-Time Tax Compliance The Federal Inland Revenue Service has taken another decisive step...

Tax ID requirement in Nigeria: Oyedele clarifies who must have it before 2026

Business Damilola Bayonle -
Amid rising public anxiety and widespread social media claims, Nigeria’s tax reform leadership has moved to calm fears that...

Senate orders FIRS to raise 2026 revenue target to ₦35tn

Business Damilola Bayonle -
Nigeria’s Senate has issued a strong warning to the Federal Government over the persistent implementation of multiple budgets within...

Shocking offences and penalties in new Nigerian Tax Act: What Nigerians must know before 2026

Business Damilola Bayonle -
As Nigeria prepares to implement its overhauled tax legislation on January 1, 2026, authorities have outlined a comprehensive set...

Regulatory gridlock threatens Nigeria’s crypto market as 2026 tax rules near

Business Damilola Bayonle -
Regulatory Gridlock Threatens Nigeria’s Crypto Market as 2026 Tax Rules Draw Near Nigeria’s rapidly expanding cryptocurrency ecosystem is confronting a...

FIRS issues strong warning against politicising tax system in new defiant statement

Business Damilola Bayonle -
FIRS warns against politicising Nigeria’s tax collection system The Federal Inland Revenue Service (FIRS) has strongly rejected fresh accusations surrounding...

FG begins testing for National Single Window ahead of 2026 rollout

Business Damilola Bayonle -
The Federal Government has commenced a crucial phase in the implementation of the National Single Window platform with the...

TUC rejects 15% fuel import duty, warns of higher petrol prices

Business Damilola Bayonle -
The Trade Union Congress of Nigeria (TUC) has rejected the Federal Government’s proposed 15% fuel import duty, warning that...

FIRS to unveil Tax Reform Acts to modernize Nigeria’s fiscal system

Business Damilola Bayonle -
In a major step toward overhauling Nigeria’s fiscal landscape, the Federal Inland Revenue Service (FIRS) has announced plans to...

Nigerians face ₦1tn burden as FG enforces 15% import tariff on petrol

Business Damilola Bayonle -
Nigerians may soon spend nearly ₦1 trillion more annually on petrol following the Federal Government’s decision to implement a...

FIRS and judiciary collaboration on tax laws strengthen Nigeria’s fiscal justice system

Business Damilola Bayonle -
In a significant move to reinforce Nigeria’s fiscal justice framework, the Federal Inland Revenue Service (FIRS) and the judiciary...

FIRS grows tax collection to N47.39tn amid sweeping tax reforms and digital innovation

Business Damilola Bayonle -
The Federal Inland Revenue Service (FIRS) has grown Nigeria’s total tax collection to an unprecedented N47.39 trillion between October...