The Nigerian Senate has urged the Federal Inland Revenue Service (FIRS) to suspend tax waivers amounting to N17 trillion. This call comes as part of the government’s efforts to review and reassess the fiscal policies surrounding tax incentives, exemptions, and waivers that may impact revenue generation.
The Senate’s request reflects a broader push for transparency, fiscal responsibility, and the need to optimize revenue collection to support government programs and development initiatives. The suspension of tax waivers aims to address concerns about potential revenue leakage, promote fairness in the tax system, and enhance accountability.
As the FIRS considers the suspension of these tax waivers, it may involve a comprehensive review of existing policies, consultations with stakeholders, and a reassessment of the economic impact of such incentives. The outcome of this process will likely influence future decisions regarding fiscal policies and revenue management.
Infostride News will closely monitor developments related to the suspension of N17 trillion tax waivers by the FIRS, providing updates, expert analyses, and insights into how this decision may shape fiscal and economic strategies in Nigeria. Stay tuned for comprehensive coverage of these evolving dynamics.
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