Wednesday, October 29, 2025

Creating liberating content

Lugard House Monthly –...

Kogi State is home to over 700 Primary Healthcare Centres but they largely...

Nigeria Senate Confirms Oluyede...

Nigeria’s Senate has confirmed General Olufemi Oluyede as the country’s new Chief of...

Governor Ododo Submits Reports...

Kogi State Governor, Ahmed Usman Ododo has presented report of the Governorship Primary...

Super Falcons Seal Qualification...

Nigeria’s Super Falcons have booked their place at the 2026 Women’s Africa Cup...
HomeNewsFIRS Announces Tax...

FIRS Announces Tax Reforms Reshaped Nigeria Ecosystem

The Federal Inland Revenue Service (FIRS) has announced that its tax reforms have successfully reshaped Nigeria’s tax administration ecosystem, improving efficiency, transparency, and compliance while expanding the nation’s revenue base.

According to the agency, the recent structural and digital reforms have not only streamlined tax collection processes but also positioned FIRS as one of the most technologically advanced revenue agencies in Africa.

At the training workshop for Justices of the Supreme Court, Court Of Appeal, and Judges of the Federal High Court on the new tax laws, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji said the reform leading to amendments to the tax laws including the Finance Acts, the Petroleum Industry Act, and various subsidiary legislations, have significantly reshaped Nigeria’s tax ecosystem.

Adedeji underscored the importance of judicial interpretation in balancing the legitimate powers of tax authorities with the rights of taxpayers. “The judiciary, through its interpretative powers, remains the ultimate arbiter in maintaining the delicate balance between both sides,” he said.

He emphasized that maintaining judicial consistency and ensuring the timely resolution of tax disputes are vital for enhancing voluntary compliance and investor confidence—two essential pillars of Nigeria’s fiscal sustainability. “Tax disputes that are resolved promptly and based on clear judicial principles foster compliance and contribute to economic stability,” he noted.

Adedeji commended the steps being taken by the judiciary to achieve government’s tax objectives. He stated that the FIRS is dedicated to supporting the judiciary by promoting knowledge sharing, providing technical resources, and maintaining ongoing collaboration.

“As key stakeholders in Nigeria’s tax system, we must continue to strengthen collaboration, foster dialogue, and develop mechanisms that promote early and effective resolution of tax disputes,” He said.

Adedeji expressed confidence that the workshop would improve the quality of judicial rulings on tax issues, thereby contributing to a more transparent, fair, and efficient tax system that supports Nigeria’s sustainable growth.

Get notified whenever we post something new!

spot_img

Create a website from scratch

Just drag and drop elements in a page to get started with Newspaper Theme.

Continue reading

Baby Factory Busted in Ondo as Police Rescue Five Pregnant Girls, Infant

The Ondo State Police Command has uncovered a baby factory and human trafficking ring operating in Ore, Odigbo Local Government Area, following a tip-off from a 17-year-old pregnant girl who managed to escape from the facility. The teenager, identified as...

Eze’s Emotional Strike Against Palace Lifts Arsenal Four Points Clear

Eberechi Eze’s solitary strike against his former club Crystal Palace proved decisive on Sunday, as Arsenal secured a hard-fought 1–0 win at the Emirates to move four points clear at the top of the Premier League. The goal, his first...

Techefiko Honours Lugard TV for Supporting Youth Empowerment Initiative

A Non-profit organization, Techefiko, a non-profit organization, has expressed appreciation to the management of Lugard TV for its collaboration and support during the Independence Day Tech and Sports event held in Lokoja, Kogi State. The event, which marked Nigeria’s 65th...

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.