…the Committee believes that Nigeria was being shortchanged in tax payment The House of Representatives Ad-hoc Committee Investigating the Structure and Accountability of the Joint Venture (JV) Businesses and Production Sharing Contracts (PSCs) of the National Petroleum Company Limited (NNPCL) has accused the Chairman of the Federal Inland Revenue Service (FIRS), Mr Muhammad Mamman Nami
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NCC, FIRS sign MoU for ascertaining VAT elements of telecoms’ transactions
In line with its inter-agency collaboration, the Nigerian Communications Commission (NCC) has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) to ensure the tax agency ascertain accuracy and completeness of value added tax (VAT) elements and other taxes payable in the transactions of telecoms operators. With the MoU, the FIRS
Read moreFinance Act: Wealthy Nigerians Will Pay More Taxes – FIRS Says
Implementation of the Finance Act will result in more tax burden on the elite, the Federal Inland Revenue Service (FIRS) has said. FIRS said in a statement on Saturday that Nigeria was on the threshold of a new, transparent, accountable and fair tax regime in which those making more from the system would pay a
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