The FIRS in Nigeria is the institution in charge of assessing, collecting, and accounting for the Federal Government of Nigeria’s tax and other revenues. It is the federal government of Nigeria’s tax collection agency with state offices across 36 states. The agency was founded in 2007 by the Federal Internal Revenue Service Establishment Act to be accountable for the collection of different kinds of taxes and levies. Such as value-added tax, personal income tax, corporate income tax, export duty, petroleum profit tax, and stamp fees, amongst others. The FIRS also enforces laws and regulations, investigates and fights against tax evasion, etc. It is currently looking for ways to improve tax administration in the country by creating efficient and beneficial policies. The official website used by the FIRS is https://www.firs.gov.ng/.
If you are looking to access the services offered by the service or are just interested in learning about the agency and all it can offer you. This is an article on the Federal Inland Revenue Services of Nigeria and other information you need.
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Businesses cooperating with this organization
FIRS works with individuals and corporations to collect and regulate taxes as revenue for the government. Individuals can be business owners or entrepreneurs in the import and export market. The service works with companies to collect corporate taxes and ensure the regular and timely payment of taxes by corporate offices and registered businesses that are eligible to pay taxes.
Services offered
The service is legally and administratively responsible for the assessment, collection, and accounting of taxes to the government. In addition, it is responsible for the timely transmission of reliable data and the release of annual reports to the Federal Government of Nigeria and other stakeholders. It also provided information on national economic planning, policy, and development legislation. The following are some of the services provided by the agency:
- On-time delivery of advisory services, decisions, guidance notes, and explanations to requesters and the public
- Regular investigation, enforcement, and prosecution of tax evaders following the law
- Issuance of a “Taxpayer Identification Number” (TIN)
- Timely processing of payment claims and tax refund requests received within the deadlines specified
- Lowers the service’s arrears situation and debt profile.
- Regular and correct reconciliation of taxes received into Federation, as applicable
- Tax education provides information to taxpayers via many channels and languages
Description of organization
The service is the agency responsible for collecting taxes in the federal republic of Nigeria. Established in 2007 by the Federal Internal Revenue Service Establishment Act. It is tasked with the collection of different kinds of taxes and levies such as value-added tax, corporate income tax, petroleum profit tax, and stamp fees, among others. The FIRS is also responsible for enforcing tax rules and regulations, detecting and combating evasion, and encouraging voluntary compliance with legislation. It is working to enhance tax administration in the country by creating efficient and useful policies, using contemporary technology, and educating and developing its workers.
Official website
The official website used by the FIRS is https://www.firs.gov.ng/. It is available for those looking to learn about the service and all it has to offer. For more information about the agency, visit the site aforementioned.
Cooperation with businesses
The FIRS is in collaboration with other government agencies to improve tax administration and revenue production, notably the Nigeria Customs Service and the Nigerian National Petroleum Corporation. It also collaborates closely with the private sector and foreign organizations to increase FDI in the country. It also encourages firms to adhere to tax regulations. FIRS is devoted to having transparent, accountable, and incorruptible management. The service works hard to maintain an efficient and effective system and contribute immensely to the country’s economy and growth.
