Tag: FIRS
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FIRS Offers Olive Branch… Or Is It a Poisoned Apple?
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In an effort to tap into the vast potential of the informal sector, the Federal Inland Revenue Service (FIRS) has unveiled a series of incentives designed to attract businesses into the formal tax. The informal sector, comprising a multitude of small-scale businesses operating outside the formal regulatory framework, has long…
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Taxing Times: Nigeria’s Revenue Focus and Citizen’s Wallets
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Taxing -In the face of economic challenges, Nigeria’s Federal Government is intensifying efforts to boost revenue through taxation. The Accountant-General of the Federation, Oluwatoyin Madein, underscored the significance of tax revenue, highlighting its status as the highest income source for the federation. Madein revealed that tax revenue has become crucial…