The Federal Inland Revenue Service (FIRS) has directed banks, stockbrokers, and other financial institutions in Nigeria to begin deducting a 10 per cent withholding tax on interest earned from short-term …
The Federal Inland Revenue Service (FIRS) has achieved a record N47.39 trillion in tax revenue between October 2023 and September 2025 under Chairman Zacch Adedeji, surpassing its target by 15% …
The Executive Chairman of the Ogun State Internal Revenue Service (OGIRS), Mr. Olugbenga Olaleye, has said that tax enforcement remains a crucial part of Nigeria’s tax system, especially in the …
Nigeria’s new tax reform law has been officially signed and will take effect from the 2026 fiscal year. The new law introduces several changes aimed at improving compliance, easing the …
Ekiti State government has commended its technology partner, SoftAlliance, for playing a major role in modernising the state’s revenue collection system through its flagship digital solutions, SoftTax and the Central …
Former Speaker of the House of Representatives, Yakubu Dogara, has described President Bola Tinubu’s tax reforms as the most ambitious economic overhaul in Nigeria in recent history. He predicted that …
The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have renewed their pledge to work more closely together in order to strengthen Nigeria’s tax compliance …
The Federal Government has announced that Tax Identification Numbers (Tax ID) will become compulsory for Nigerians and organisations involved in banking, insurance, stock trading, and other allied services starting from …
As South Africans continue with the 2025 tax season, new details have emerged about how taxpayers can benefit from medical tax claims beyond the usual medical aid credits. Many citizens …
The Federal Inland Revenue Service (FIRS) has warned taxpayers against the temptation of concealing business transactions under the new National E-Invoicing Solution, also known as the Merchant-Buyer Model. The agency …