Tag: FIRS

Tax Reforms Panel Proposes 1% ‘Cost Of Collection’ For Customs, FIRS, NPA, Others

Abibat Babalola

Should the Federal Government approve the slash in the cost of collection proposal by the Presidential Fiscal Policy and Tax Reform Committee, all revenue generating agencies will henceforth earn one per cent on the revenue they generate. The agencies that will be affected most are: the Federal Inland Revenue Service (FIRS), which receives four per cent as cost of collection; Nigeria Customs Service (NCS) seven per cent and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) five per cent. Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr. Taiwo…

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BREAKING: NNPC Mulls Roads Rehabilitation With Tax Credit

ADEOLA YUSUF

Kyari Engages PTD, NARTO, FIRS, Others on scheme, assures Nigerians of fuel crisis-free Festive period, beyond   The Nigerian National Petroleum Corporation (NNPC) has declared intervention in critical road rehabilitation through the Federal Government Tax Credit Scheme. Platforms Africa reports that Group Managing Director of the Corporation, Mallam Mele Kolo Kyari, declared this during an engagement with critical stakeholders in Abuja, Nigeria’s administrative capital. Established under FG’s Executive Order 7 of 2019, the Road Trust Fund Policy/Tax Credit Scheme gives private sector operators an opportunity to fund critical infrastructure with…

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EXCLUSIVE: Oil firms, others fret as Nigeria, Rivers’ Tax crisis worsens

Efe Wellington

Governor threatens shut down of company-defaulters of orders to pay to Rivers state, says Lagos collected N46.4bn in June, got N9.3bn, Kano collected N2.8bn, received N2.8bn   The cold war between the Nigerian government and oil-rich Rivers state has set jitters down the spines of business concerns, including oil marketing and supporting services firms, who are alredy caught in the web of the crisis, Platforms Africa exclusively reports. The fastest growing Pan-Africa newspapaer (Platforms Africa) with cutting-edge reportage of energy, shows  that the crisis, which has now dove-tailwd into a…

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