The Federal Inland Revenue Service (FIRS) has clarified that Nigerians do not need to obtain a separate Tax Identification Number (TIN) to open or operate bank accounts, amid reports suggesting a new requirement from January 2026. Arabinrin Aderonke Atoyebi, Technical Assistant on Broadcast Media to the FIRS Executive Chairman, Zacch Adedeji, explained in a statement…
President Bola Tinubu has ordered a comprehensive review of all deductions and revenue retention practices by major revenue-generating agencies. These agencies include the Federal Inland Revenue Service (FIRS), Nigeria Customs Service, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Maritime Administration and Safety Agency (NIMASA), and the Nigerian National Petroleum Company Limited (NNPC). The directive, given…
The Federal Capital Territory Administration (FCTA) has sealed a Federal Inland Revenue Service (FIRS) office in Abuja over alleged non-payment of ground rent spanning 25 years. This action was confirmed on Monday by the Senior Special Assistant to the FCT Minister on Media, Lere Olayinka, via his X (formerly Twitter) handle. According to him, the…
The Federal Inland Revenue Service (FIRS) has officially commenced its recruitment exercise, seeking experienced professionals to fill specialized roles and bolster its workforce. This was announced on Monday, as part of FIRS’s ongoing efforts to consolidate its operations and enhance its service delivery. The advertised positions include assistant manager and deputy manager roles in key…
The Federal Inland Revenue Service (FIRS) is set to open its recruitment portal for tax officer roles, with applications starting at midnight on November 2, 2024. This initiative aims to fill Officer I and Officer II positions in various states across Nigeria. FIRS is particularly encouraging women, minorities, and individuals with disabilities to apply. Positions…
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, announced that the Federal Government is set to introduce new tax laws by September, which will include regulations for the cryptocurrency industry. Speaking over the weekend at the FIRS 2024 Stakeholders Engagement with the Senate and House of Representatives Committees on Finance…