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 …
Tag:
Nigeria Revenue Service
-
-
DevelopmentEconomyFinance & ServicesGOVERNMENTNigeriaPolicies
Nigeria Revenue Service Gets Legal Backing to Borrow Funds, Retain 4% of Non-Oil Revenue Under New Tax Act
The Federal Government has given the newly established Nigeria Revenue Service (NRS) the legal power to borrow funds from any source and retain 4 per cent of the total non-petroleum …
-
The International Monetary Fund (IMF) has pledged to maintain its support for Nigeria’s tax reform efforts through the Federal Inland Revenue Service (FIRS), especially as the country prepares to implement …
-
BusinessEconomyGOVERNMENTInternational RelationsPolicies
Nigeria, Netherlands Begin Talks to Review Double Taxation Deal in Line with New Tax Laws
The Federal Inland Revenue Service (FIRS) has officially started discussions with the Kingdom of the Netherlands to renegotiate the existing Double Taxation Agreement (DTA) between the two countries. The fresh …
-
President Bola Ahmed Tinubu is expected to sign four major tax reform bills into law on Thursday, June 26, 2025, at the Presidential Villa in Abuja. The signing marks a …