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Tenants to pay 0.78 percent stamp duty, FIRS clarifies

Following a strong heated debate by Nigerians on social media over the the proposed stamp duties to be paid by tenants, the Federal Inland Revenue service has given...

7.5% VAT to take effect February 1 ―Finance Minister

From February 1, 2020, the federal government will begin to implement the new rate for Value Added Tax (VAT) at 7.5%. The Minister of Finance, Budget and National...

FIRS, First Bank explore out of court settlement in N25bn damages suit

Federal Inland Revenue Service (FIRS) and First Bank Plc have opted for out of court settlement in a N25 billion damages suit filed against them by an indigenous...