FIRS and SystemSpecs Join Forces to Make Tax Remittances Easier

SystemSpecs has partnered with the Federal Inland Revenue Service (FIRS) to boost tax administration through its Remita Payment Gateway, which powers payments on TaxPro-Max, a newly developed solution for submitting tax returns, as part of efforts to further simplify tax remittances in Nigeria. The Remita Payment Gateway platform for private sector and government payments has been integrated with the FIRS’s new TaxPro Max e-filling platform to automate tax filing, enable hassle-free registration, ease tax payments, and provide a single-view of transaction records, according to the company in a statement. Taxpayers can now register for TaxPro Max online or at a […]



Representatives Summoned Federal Inland Revenue Service (FIRS) To Investigate ‘$30 Billion In Tax Leakages’

The joint committees on finance, banking, and currency of the House of Representatives have launched an investigation into tax leakages that cost the federal government $30 billion between 2005 and 2019. Revenue remittance into the federation account has been a source of worry. The examination targets agencies and enterprises in banking, oil exploration, engineering, procurement, building, installation, marine transportations, manufacturing, and telecommunications, according to Abiodun Faleke, chairman of the finance committee, who spoke during a hearing on Monday. According to Faleke, the joint committee also discovered irregularities in “the inflow of foreign investments, such as equity, foreign cash loans, and[…]