Speaking anonymously, a FIRS staff member clarified that Personal Income Tax falls under the purview of state governments, while the FIRS collects Company Income Tax. Only corporate entities earning profits of N25 million or more are obligated to pay taxes.

Recent media reports suggesting that media content creators and influencers are significant tax evaders were misinterpreted, as per the FIRS.

Meanwhile, the FIRS has unveiled a new structural framework aimed at enhancing tax administration efficiency in the country.

Dr. Zacch Adedeji, the Executive Chairman, emphasized the agency’s commitment to modernizing tax administration through technology integration and streamlined services tailored to specific taxpayer segments.

The restructuring aims to simplify the taxpayer experience, ensuring a seamless and user-friendly interaction while advancing the FIRS’s role in innovation and meeting the evolving needs of taxpayers in a rapidly changing world.