In the last House session, tax authorities allay fears on President Tinubu’s tax bills as reps demand reversal of hikes in petrol and cooking gas prices while works minister is summoned FIRS says no new taxes will be introduced Zacch Adedeji, chairman of the Federal Inland Revenue Service (FIRS), has assured Nigerians that the ongoing President Bola Tinubu tax reform will reduce taxes, not introduce new ones or raise existing tax rates. He clarified...
Heads of NNPCL, FIRS, Police and 12 others agencies have been warned by the senate over refusal to respond to queries raised against them in the 2019 audit report The Senate, through its Public Accounts Committee (PAC), has expressed strong disapproval of the incessant refusal several government agencies, including the Nigerian National Petroleum Company Limited (NNPCL), the Federal Inland Revenue Service (FIRS), and the Nigeria Police Force, to respond to audit queries. The committee’s chairman,...
Senator Sani Musa noted that a fresh implementation of the policy outside the N2.7 trillion should be halted for now. The Senate through its committee on Finance, dumped the stay-of-action position proposed to it by the Federal Inland Revenue Service (FIRS) on the N2.7 trillion Tax Credit Fund required for specific road construction by the Federal Ministry of Works. In an interaction with the Committee the previous week, Zacch Adedeji, the Chairman of FIRS, blasted...
The Chairman of the FIRS, Zacch Adedeji insisted on the stoppage of N2.7 trillion fresh tax credit assuring that he will cut the number of taxes from 62 to 8. The Senate has expressed disapproval over the 17 trillion loss incurred on tax waivers within the last five years. As a result, it recommended that the Federal Inland Revenue Service (FIRS) suspend the heavily exploited tax waiver programme and replace it with a rebating system....
The Nigerian National Petroleum Company Limited (NNPCL) cleared the air on a $3.3billion loan secured for CBN The Chairman of the Federal Inland Revenue Service (FIRS), Zacheus Adedeji has condemned a three-year-old N2.59 trillion Tax Credit Scheme, which was implemented for nationwide road construction by the administration of former President Muhammadu Buhari. This is in response to the Nigerian National Petroleum Company Limited (NNPCL), one of the key Tax Credit Scheme executors, clearing the air...
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