• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

FIRS urges synergy between Nigeria, Niger

FIRS

The Matters Press by The Matters Press
March 24, 2022
Reading Time: 2 mins read
0
FIRS generates N4.2tn in 10 months

The Federal Inland Revenue Service (FIRS), has called for synergy between Nigeria and Niger Republic tax authorities to improve the revenue mobilisation for both countries.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Executive Chairman of FIRS, Muhammad Nami made the call on Wednesday in Abuja in a statement signed by his Special Assistant on Media and Communication, Johannes Wojuola.

Nami said both countries could share tax information and engage in mutual administrative assistance to improve both countries revenue mobilisation.

Wojuola said Nami made the call the Director-General of the Niger Tax Authority, Malam Ousmane Mahamane led a delegation on a visit to the FIRS Headquarters on Tuesday in Abuja.

“It is important for the FIRS to work with the Niger Tax authority, given the presence of high-net-worth Nigerian individuals and companies trading in Niger with significant tax implications, which is of great interest to the FIRS.

“There is the need for further cooperation in the areas of sharing of tax information and mutual administrative assistance, especially in the face of increase in trans-border tax within the context of ECOWAS and AFCFTA.

“We have focused on non-oil tax collection and indirect taxes, particularly VAT as well as on the deployment of technology for the automation of FIRS’ processes and procedures for effective tax administration and greater revenue yield.

“These include, e-stamping, e-registration, e-filing, e-payment, e-receipt, e-Tax Clearance Certificates, automation of Stamp Duty and VAT, the deployment of VATrac, an automated VAT filing and collection system in the wholesale and retail sectors.

“It also include the deployment of a home-grown, integrated tax administration system, the TaxPro Max.

“One of the contributing factors to our improved revenue is the taxation of the digital economy through the implementation of relevant policies, legislations and administrative processes for the collection of taxes (both income taxes and VAT from the digital economy.

“This ensures that Nigeria is able to collect taxes on non-resident companies that derive income from the Nigerian market, without physical presence. This further ensures tax equity for local businesses,’’ it said.

The chairman said that FIRS had evolved into a data centric organisation, leveraging on data in revenue forecasting, planning, tax policy formulation and driving compliance and enforcement.

According to him, one of the contributors to the FIRS successes is the exchange of information it shares with other tax authorities, both internally and in other countries.

In his remarks, Mahamane said that there was the urgent need for international tax cooperation between the two institutions.

He said that Niger Tax Authority was seeking a relationship with the FIRS that would cover cross border trade, the oil, and telecommunications sectors, the digitisation of tax procedures, and exchange of tax information.

According to him, the relationship is also expected to cover assistance with tax audit, separation of administrative procedures, modernisation of tax administration and human capacity development.

Mohamane commended Nami for his outstanding performance in mobilising more than N6.405 trillion in revenue for Nigeria.

Tags: FIRS
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Varsities to meet on Centres of Excellence

Universities approved to operate distance learning centres

Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers

Nigeria seeks states’ support to bridge missing link in food production

Recommended Stories

GTCO acquires 100% stake in wealth management coy

GTBank UK reaches settlement with FCA on anti-money laundering controls

January 10, 2023

These Things You Should Know Before Getting Lip Injections

December 9, 2021
Buhari presents N8.8trn 2019 budget

Senate approves 2022-2024 external borrowing plan of $7.4bn, €100m

December 31, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us