Home » Tag Archives: FIRS

Tag Archives: FIRS

Construction company drags Osun State Government over N1bn debt

construction company

A construction company, Sammya Nig. Ltd., has described the sealing off, of its dockyard by the Osun State Internal Revenue Task Force, as ’embarrassing’. The company in a release signed by its Chairman /CEO, Sammy Adigun, called on the state government to immediately unseal its office and pay up over N1 billion owed it. The state government had listed the ...

Read More »

New UK property law may force Nigerians in the UK to lose their properties

New UK property law may force Nigerians in the UK to lose their properties

Officials of the Federal Ministry of Finance and the Federal Inland Revenue Service, FIRS, involved in Voluntary Assets and Income Declaration Scheme, VAIDS, said they have been inundated with calls from Nigerians in the United Kingdom seeking to inquire about how the new UK government Unexplained Wealth Orders, UWOs would affect their property in that country. A source close to ...

Read More »

NHF Scheme: FMBN Seeks Partnership with FIRS

NHF Scheme

“To get non-contributing Corporate Organisations to key into the National Housing Fund Scheme, the Federal Mortgage Bank of Nigeria (FMBN) has sought for partnership with the Federal Inland Revenue Service (FIRS) by accessing its database to obtain list of corporate organisations in the country and enhance NHF Scheme.”- This Day The Managing Director, FMBN, Ahmed Dangiwa, during a courtesy call on ...

Read More »

Introducing Property Taxes In Nigeria

Property Taxes

Property tax (real estate tax) is charged on immovable property—land and structures that are permanently attached to the ground such as a house, building, or land. This article introduces you to the various types of Property taxes in Nigeria. Real estate tax is the same as property tax, though the latter is commonly used. Albeit the purpose of this article is not ...

Read More »

LCCI worries over property value use for assessment by FIRS

LCCI worries over property value use for assessment by FIRS

According to The Guardian, The Lagos Chamber of Commerce and Industry (LCCI) says recent moves by the Federal Inland Revenue Service (FIRS) to use property value as a basis for Company Income Tax assessment is worrisome. The LCCI Director-General, Mr Muda Yusuf, told the News Agency of Nigeria (NAN) in Lagos that the move by the FIRS would hurt the ...

Read More »

FIRS seals Lagos hotel, Port Harcourt companies over taxes

FIRS seals Lagos hotel, Port Harcourt companies over taxes

Reports show that the Federal Inland Revenue Service, FIRS, yesterday, sealed the Diplomat Hotel, located on Shonnyway Street, Shonibare Estate, Maryland, Lagos, over a N351 million tax debt. The Guardian reports that Bukar Gana, head of the FIRS enforcement team, stated the hotel owes taxes between 2012 and 2016. The hotel’s customer care manager, who didn’t give his name, said ...

Read More »

Linda Ikeji’s Alleged Feud With FIRS over Tax Evasion

tax evasion linda ikeji

Popular celebrity blogger, Linda Ikeji, has allegedly been accused by the Federal Inland Revenue Service (FIRS) of tax evasion. The blogger who only recently acquired a massive luxury property in the highly desirable Banana Island has however come out to deny the reports. According to reports, Linda Ikeji is owing the government about N75 million. This is coming months after ...

Read More »

STANBIC IBTC and experts solicit enhanced REIT transactions

In order to facilitate the establishment of an efficient and viable Real Estate Investment Trust (REIT) regime in the country, experts have urged the authorities to fashion out a new tax regulation that will enhance equitable administration of value in the real estate sector. They also called for an urban planning processes to create an improved enabling environment, which will ...

Read More »