Trust Deficit Threatens Nigeria’s Ambitious Tax Reforms — SBM Report BY any fiscal benchmark, Nigeria’s 2025 Tax Reform Acts were designed to mark a decisive shift away from the country’s historic dependence on oil revenues. After decades of failed attempts to build a broad, sustainable tax base, the reforms promised to strengthen government finances, stabilise […]
Nigeria Tax Act Did Not Introduce VAT on Bank Transfers — NRS THE Nigeria Revenue Service (NRS) has issued a formal clarification following public concern over reports that Value-Added Tax (VAT) is now being imposed on bank transfers and electronic transactions. According to the agency, such claims are false and misrepresent existing tax policy. Old […]
By ANITA KNIGHT THE National Association of Nigerian Students (NANS) has criticised the Federal Inland Revenue Service (FIRS) for its insistence on implementing the Tax Reform Laws starting 1 January 2026, arguing that unresolved legal inconsistencies and transparency concerns make the policy premature. In a statement issued by National President Comrade Olushola Oladoja, NANS said […]
Unified Identity for Tax Administration THE Federal Inland Revenue Service (FIRS) has announced that the National Identification Number (NIN) issued by the National Identity Management Commission now automatically serves as a Tax Identification Number for individual Nigerians. The clarification comes amid public concerns over provisions in Nigeria’s evolving tax laws requiring a Tax ID for […]
By SANI BATURE A fire outbreak was recorded on Saturday at the Abuja headquarters of the Federal Inland Revenue Service (FIRS), affecting one of the agency’s office blocks. The incident occurred on the fourth floor of the building, according to an official statement released by the service. The Technical Assistant (Print Media) to the Executive […]
By MAHMOOD MALIK MUSA (M. M. M.) IBRAHIM NEF Says Tax Data Deal Endangers Sovereignty THE Northern Elders Forum has issued a stern warning over the FIRS–France tax data MoU, describing it as a strategic misstep capable of weakening Nigeria’s economic autonomy. Addressing the Federal Government and National Assembly, the forum said the agreement opens […]