Latest news on federal inland revenue service

Here are some of the latest news and updates on the Federal Inland Revenue Service (FIRS) in Nigeria:

  1. New FIRS Chairman Appointed: On August 22, 2020, President Muhammadu Buhari appointed Muhammad Nami as the new Chairman of the Federal Inland Revenue Service (FIRS). Nami is a seasoned tax professional with over 20 years of experience in taxation.
  2. FIRS Introduces New Tax Regime: In July 2020, FIRS introduced a new tax regime, which includes a 5% tax on electronic transactions, a 2.5% tax on international money transfer services, and a 1% tax on all electronic transactions above N5,000.
  3. FIRS Launches Online Tax Filing Platform: In June 2020, FIRS launched an online tax filing platform, which allows taxpayers to file their tax returns online and make payments electronically.
  4. FIRS Increases Tax Revenue: In May 2020, FIRS announced that it had increased its tax revenue by 15% in the first quarter of 2020, compared to the same period in 2019.
  5. FIRS Partners with Banks to Improve Tax Compliance: In April 2020, FIRS partnered with some commercial banks in Nigeria to improve tax compliance and reduce tax evasion. The partnership allows banks to verify the tax status of their customers and report any non-compliance to FIRS.
  6. FIRS Warns Taxpayers Against Tax Evasion: In March 2020, FIRS warned taxpayers against tax evasion, saying that the service has put in place measures to detect and prosecute tax evaders.
  7. FIRS Launches Taxpayer Identification Number (TIN) Verification System: In February 2020, FIRS launched a TIN verification system, which allows taxpayers to verify their TIN online and check their tax status.
  8. FIRS Increases Tax Revenue from Non-Oil Sector: In January 2020, FIRS announced that it had increased its tax revenue from the non-oil sector by 20% in 2019, compared to the previous year.
  9. FIRS Partners with International Organizations to Improve Tax Capacity: In December 2019, FIRS partnered with the International Monetary Fund (IMF) and the World Bank to improve Nigeria's tax capacity and revenue generation.
  10. FIRS Launches Taxpayer Education Campaign: In November 2019, FIRS launched a taxpayer education campaign to educate taxpayers on their tax obligations and the importance of tax compliance.

These are some of the latest news and updates on the Federal Inland Revenue Service (FIRS) in Nigeria.