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SENATE APPROVES N168.8BN 2020 BUDGET FOR FIRS « Emperornaij

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SENATE APPROVES N168.8BN 2020 BUDGET FOR FIRS

Published by on July 16th, 2020.


 

The Senate on Wednesday approved the sum of N168,809,476,220 to fund the proposed Personnel, Overhead and Capital expenditure cost of the Federal Inland Revenue Service (FIRS) for the 2020 fiscal year.

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The approval came following the consideration of a report by the Senate Committee on Finance.

The Senate, while adopting the recommendations of the Committee’s report, called for the digitization of all processes in the administration of tax in FIRS, so as to bring the Service up-to-speed with rapidly increasing online economic activities.

 

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