Federal Inland Revenue Service definition

Federal Inland Revenue Service means the Federal Inland Revenue Service established by Federal Inland Revenue Service Act, 2007: and
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Federal Inland Revenue Service or “FIRS” means the service established under the Borrower’s Companies Income Tax Act Cap 60 Laws of the Federation of Nigeria 1990 for purposes of tax administration, and referred to as Implementation Agency E for purposes of Project implementation;
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Examples of Federal Inland Revenue Service in a sentence

  • Effective July 1, 2022, withholding tax on interest payments to a foreign company or foreign resident from a country with which Nigeria has a double taxation treaty will generally be payable at the rate of 7.5 - 10%, pursuant to the Federal Inland Revenue Service Circular of May 11, 2022.

  • Currently, efforts are being made by the federal government of Nigeria through the Federal Inland Revenue Service (FIRS) in developing a new model tax treaty which would make the establishment of new DTTs much easier and portray Nigeria as a business-investment friendly environment.

  • The Respondent is a creation of Section 1 of the Federal Inland Revenue Service (Establishment) ▇▇▇ ▇▇▇▇; it is an agency of Government of the Federation and the relevant tax authority with responsibility for the administration of relevant taxes on behalf of the Federal Government.