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Tax revenue key to funding operations of govt at all Levels — FIRS Executive Chairman, Muhammad Nami

Tax revenue key to funding operations of govt at all Levels — FIRS Executive Chairman, Muhammad Nami

COVID-19 pandemic has impacted negatively on the Government’s revenue sources. In June 2020, the Federation Accounts Allocation Committee (FAAC) shared a total of N696 billion to the three tiers of the Government of Nigeria. FIRS alone contributed 70 percent of the amount shared while other revenue-generating agencies altogether contributed 30 percent. The Executive Chairman of FIRS, Muhammad Nami, in a recent telephone interview with NigeriaInfo (95.1FM) said without revenue from taxes, the Government would be unable to fund her programmes and activities. Nami also clarified why paying Stamp Duty on tenancy agreement should not cause a price increase in house rent.

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FIRS clarifies NIPOST’s stamp duty claims

The Federal Inland Revenue Service (FIRS), says the claim by Chairperson of NIPOST Board, Hajiya Maimuna Abubakar, that both the Service and the National Assembly appropriated NIPOST’s ideas about stamp duty to the exclusion of the postal service is untrue. Mr Abdullahi Ismaila Ahmad, Director, Communications and Liaison Department of FIRS made this known in
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Stamp Duties: NIPOST, FIRS in tweet war

By Rasheed Sobowale The Nigeria Postal Service (NIPOST) and the Federal Inland Revenue Service (FIRS) at headlock over who is legalised to sell national stamps. The tweet war was started by Maimuna Abubakar, the Board Chairman of NIPOST, who claimed; “NIPOST are the sole custodians of national stamps, another agency printing and selling stamps is
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JAMB Registrar bans parents from UTME venues

Labour moves against 6% stamp duty on tenancy, lease

By Victor Young Organised labour has rejected recent order by the Federal Inland Revenue Service, FIRS, to property owners and their agents to charge 6 percent Stamp Duty on all tenancy and lease agreements enter into with all leases and remit to the service. Trade Union Congress of Nigeria, TUC, in a statement on Sunday,
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