…notice posted at the entrance of the company’s premises on the order of the NRS Executive Chairman, Zacch Adedeji. The action was carried out under the Nigeria Tax Act, Nigeria Tax Administration Act and other extant tax legislation. According to the notice, the company owners and operators had failed to meet their sta…

The inclusion of the Chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, and the Director-General of the Budget Office of the Federation, Taminu Yakubu, in the All Progressives Congress (APC) Presidential Campaign Council for the 2027 election has sparked criticism, with former Kogi West Senator Dino Melaye t…

…of import duty before, at N460, it became one dollar at N1,004, N1,003, N1,005. The NRS, Petroleum Profit Tax that it collected before, same dollar, higher amount in naira. So, the savings showed up in the Federation accounts by way of higher revenue collections as a result of the reforms.” A further analysis of the do…

…He added, “And you are serving as the country’s Chairman of Nigerian Revenue Service, NRS, formally known as FIRS. Is there no conflict in this? As a lawyer, by the grace of God, on Monday, I’m going to court. We have to test that.” Melaye argued that Adedeji, as a public servant, was expected to comply with the Public…

…of import duty before, at N460, it became one dollar at N1,004, N1,003, N1,005. “The NRS, Petroleum Profit Tax that it collected before, same dollar, higher amount in naira. So, the savings showed up in the Federation accounts by way of higher revenue collections as a result of the reforms.” The minister said the addit…

…pushed the naira to about N3,500 to the dollar, chairman of the Nigeria Revenue Service (NRS), Zacch Adedeji, has said. The post Fuel subsidy could have cost Nigeria N53trn, pushed naira to N3,500/$ — NRS chair appeared first on Tribune Online.

The Executive Chairman of the Nigeria Revenue Service, Zacch Adedeji, has dismissed concerns over the alleged lavish lifestyles of public officials. Adedeji said President Bola Tinubu does not live extravagantly despite his position. He stated this during an interview with Channels Television, on Sunday, where he was q…

•Expert says NRS trying to prevent payment on fictitious naira gains The Nigeria Revenue Service (NRS) and the Joint Revenue Board (JRB) have issued comprehensive guidelines on the regulation and taxation of virtual asset peer-to-peer (P2P) marketplaces, ending years of regulatory ambiguity for Nigeria’s cryptocurrency…

…revenue service and an executive order aimed at closing loopholes in the tax system. The NRS, in an internal report on the state of the Nigerian economy obtained by The PUNCH on Sunday, insisted that the country was moving from a period of severe macroeconomic distress towards a more stable and resilient economy follow…

…payment in virtual assets from non-resident clients. Record-keeping requirements NRS requires taxpayers to maintain adequate documentation supporting their virtual asset transactions. These records include acquisition and disposal details, valuations, transaction dates, exchange rates, tax computations and any valuatio…

…within the rapidly growing digital economy. In a public notice issued on Monday, the NRS said it had formally released the Guidelines on the Taxation of Virtual Assets. According to the agency, the document establishes a clear administrative framework governing tax obligations for virtual asset transactions in Nigeria.…

…the immediate suspension of all recruitment activities by the Nigeria Revenue Service (NRS), while threatening to invoke its constitutional powers to sanction the agency’s Executive Chairman, Zacch Adedeji, over his repeated failure to honour legislative invitations. The committee, chaired by Hon. Ahmed Idris Wase, acc…

…over these transactions,” he said. “The e-invoicing seeks to address that gap.” The NRS official said the system would also standardise invoice formats across businesses and allow company accounting platforms to interact directly with government tax systems. Director of DigiTax Nigeria, Olumide Akinsola, said the e-inv…

…the sector contributes fairly to national revenue as it grows. The statement added, “The NRS will provide further details. The Federal Government is also finalising a comprehensive Virtual Assets White Paper, which will set out the country’s longer-term policy direction and implementation priorities and serve as a road…

THE Nigeria Revenue Service (NRS) has reaffirmed its dedication to fostering voluntary tax compliance, exactly one year after the rollout of Nigeria’s comprehensive tax reform initiatives. In an earlier statement marking the anniversary, the NRS described taxpayer education as a critical pillar in sustaining the gains…

…prepare to onboard later this year. Across the ecosystem, the Nigeria Revenue Service (NRS), accredited platform providers, and technical partners are scaling up engagement to support the transition. The NRS e-invoicing framework requires businesses to transmit invoices through the Merchant Buyer Solution (MBS) platfor…

Corporate Nigeria is on a 24-hour countdown as the National Revenue Service (NRS) prepares to enforce its mandatory electronic invoicing