{"id":31920,"date":"2021-07-08T04:34:56","date_gmt":"2021-07-08T03:34:56","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=31920"},"modified":"2021-10-07T00:43:19","modified_gmt":"2021-10-07T00:43:19","slug":"firs-generates-n650bn-revenue-in-june","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/firs-generates-n650bn-revenue-in-june\/","title":{"rendered":"FIRS generates N650bn revenue in June"},"content":{"rendered":"<p>The Federal Inland Revenue Service (FIRS) says it has generated N650 billion revenue in June.<br \/>\nThe Director, Communications and Liaison Department, FIRS, Mr Abdullahi Ahmad,  disclosed this in a statement in Abuja on Wednesday.<br \/>\nAhmad said that this was the highest revenue realised in single month since the COVID-19 pandemic started and the assumption of office of the current management.<br \/>\nHe quoted the Executive Chairman FIRS, Mr Muhammad Nami, as saying, \u201cthis feat was achieved as a result of the efficiency and effectiveness of the TaxProMax Solution.<br \/>\n\u201cNotwithstanding the challenges and resistance faced in the early stages of its adoption, and the downturn orchestrated by slow economic recovery,\u201d he said.<br \/>\nNami recalled that as part of its efforts at modernizing tax administration in the country, the FIRS recently introduced the Tax Administration Solution (TaxProMax) for ease of tax compliance.<br \/>\nHe noted that the solution had made it possible for seamless registration, filing, payment of taxes and automatic credit of withholding tax as well as other credits to the taxpayer\u2019s accounts, among other features.<br \/>\nAccording to him, it also provides a single-view to taxpayers for all transactions with the Service.<br \/>\nNami reminded taxpayers of the one-off one-month extension granted earlier this month for the filing of Company Income Tax returns by taxpayers with Dec. 31, 2020 accounting year-end whose statutory tax returns were due not later than June 30.<br \/>\nHe, however, urged taxpayers to take advantage of the extension as it provided an opportunity to all taxpayers whose company income tax returns were due in June to file up to the July 31.<br \/>\nTaxProMax platform, which took off on June 7, is a channel for filing Naira-denominated tax returns in the country.<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-31920\" data-postid=\"31920\" class=\"themify_builder_content themify_builder_content-31920 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n","protected":false},"excerpt":{"rendered":"<p>The Federal Inland Revenue Service (FIRS) says it has generated N650 billion revenue in June. The Director, Communications and Liaison Department, FIRS, Mr Abdullahi Ahmad, disclosed this in a statement in Abuja on Wednesday. Ahmad said that this was the highest revenue realised in single month since the COVID-19 pandemic started and the assumption of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125,126],"tags":[304],"class_list":["post-31920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-money","category-trade-and-industry","tag-revenue","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FIRS generates N650bn revenue in June - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/firs-generates-n650bn-revenue-in-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FIRS generates N650bn revenue in June - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Federal Inland Revenue Service (FIRS) says it has generated N650 billion revenue in June. The Director, Communications and Liaison Department, FIRS, Mr Abdullahi Ahmad, disclosed this in a statement in Abuja on Wednesday. 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