Giving a brief history of the NNPC/FIRS agreement, Mr Babatunde Fashola, the Minister of Works and Housing, who said that the NNPCL was investing its resources into infrastructure, explained the ideology of the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme as “a new model of partnership with the private sector companies whereby government is saying, “Give me my tax in advance and I will invest it in infrastructure”.
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FIRS Executive Chairman, Mr Muhammad Nami, in his remarks, said the investment in roads was as a result of Executive Order 007, 2019 meant to encourage taxpayers to use company income tax payable by them to fix the nation’s critical infrastructure in exchange for tax credit.
The Independent Corrupt Practices and Other Related Offences Commission, ICPC has confirmed that Nigeria loses $10 billion to Illicit Financial…
President Muhammadu Buhari said he had directed all government agencies and business enterprises to grant Federal Inland Revenue Service, FIRS…
The Economic and Financial Crimes Commission, EFCC, has restated its resolve to wield the big stick against tax evaders. According…
The Federal Government has apologised over what it described as a misleading tweet about the completion of self-certification forms by…
FIRS Collecting Taxes Earlier in the middle of a Pandemic
