Nigeria's FIRS plans an Executive Bill to overhaul revenue administration, addressing cryptocurrency regulation and updating tax laws.

Nigeria's FIRS chairman, Zacch Adedeji, reveals the Federal Inland Revenue Service is preparing an Executive Bill to overhaul revenue administration, including regulating the cryptocurrency industry. The bill aims to simplify tax laws, harmonize revenue collection, and update existing tax laws to align with current economic realities. Nigeria's FIRS targets N19.4 trillion in revenue for 2024.

August 17, 2024
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