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Income Tax: FIRS Launches Online Portal For Financial Institutions - Politics - Nairaland

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Income Tax: FIRS Launches Online Portal For Financial Institutions by stephanie11: 7:37pm On Sep 08
As part of its ongoing reforms to align the nation’s tax system with global standards, the Federal Inland Revenue Service (FIRS) has launched a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country.

Executive Chairman, FIRS, Mr. Muhammad Nami, announced the deployment of the AEOI-CRS) in a notice calling on reporting financial institutions under the Income Tax (Common Reporting Standard) Regulations 2019 to enroll on the portal.

According to Mr. Nami, “the Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system portal is currently live, open and active. Consequently, all Reporting Financial Institutions (Commercial Banks, Merchant Banks, Discount Houses, Mortgage and Development Banks, Insurance and Life Assurance Companies, Investment Advisers, Trustees, Asset Management Companies, Issuing Houses, Brokers/Dealers, etc.) are invited to enroll on the AEOI-CRS portal.”

Explaining the simple process of enrolment, the FIRS Executive Chairman stated that “each Reporting Financial Institution (FI) is required to designate an appropriate officer as Primary User (PU). The PU is the custodian of the FI’s login details on the portal. A letter signed by the Chief Executive Officer of the FI introducing the PU to the FIRS is required as part of the enrolment process.

“In order to enroll as a PU of an FI and have access to related AEOI-CRS documents, please visit the FIRS website at www.firs.gov.ng and navigate the menu tab on Automatic Exchange of Information. Please do this only if relevant contact details have been forwarded to the FIRS. FIs are to further take notice that CRS reports for 2019 are due not later than 30th September 2020. For further information, send enquiries to aeoi.enquiries@firs.gov.ng or sanya.gbonjubola@firs.gov.ng”

https://politicsnigeria.com/income-tax-firs-launches-online-portal-for-financial-institutions/

2 Likes

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Chindaibezim: 7:47pm On Sep 08
More avenues to collect money

4 Likes

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Broghoton(f): 7:47pm On Sep 08
Okay

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Zico5(m): 7:47pm On Sep 08
All the programs from this government is just to swindle and manoeuvre the masses. I have never seen any project or program initiated to benefit the masses. God, for how long will the masses continue to bear the devilish next level agenda. I hope this government don't push the masses to the brink. I know that by the time the reasons behind this program is revealed, we will all know the reality. Fingers crossed.

9 Likes

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Kendumazy(m): 7:47pm On Sep 08
OK naaw
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Arizonaz: 7:48pm On Sep 08
The portal they won't even update information on it regularly.

2 Likes

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by freshkpomo(m): 7:48pm On Sep 08
Verdict: Yawns 404


NYM
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by KingsArome(m): 7:49pm On Sep 08

2 Likes

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Coldie(m): 7:49pm On Sep 08
G
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Yankee101: 7:49pm On Sep 08
Bluerace:
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This is a SCAM

14 Likes 2 Shares

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by KhingLufem1(m): 7:49pm On Sep 08
...
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Yankee101: 7:50pm On Sep 08
Taking in more money with lesser services rendered
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by IMASTEX: 7:51pm On Sep 08
More money for doing nothing

1 Like

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by NaijaOlosho(f): 7:51pm On Sep 08
grin
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by AFULA(m): 7:54pm On Sep 08
okay
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by ainas247: 7:56pm On Sep 08
cool
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Openbusiness: 7:58pm On Sep 08
Have they collected the trillions of naira that the MDAs didn't remit? NO! Their aim is to work out more ways to squeeze the public for more money that will be embezzled. Ok, continue. Nothing evil lasts forever
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by ForeThinker: 7:59pm On Sep 08
Nawaao
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Elslim: 8:03pm On Sep 08
Ok
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by winkmart: 8:04pm On Sep 08
OK
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Niceiroko: 8:06pm On Sep 08
Bluerace:
100% visa application guaranteed 10 SLOTS AVAILABLE HURRY NOW AND CALL 080::34::27::19::32 FOR MORE INFORMATION.
This is an opportunity to apply for Two years U.S.A, CANADA, AUSTRALIA, SOUTH KOREA and any other country working visa; for both
Family and single packages.
Note : NO DOWN PAYMENT UNTIL visa IS OUT AND Payment must be made immediately your visa and employment letter is out. PLEASE ONLY INTERESTED PERSONS CAN CONTACT/WHATSAPP US ON 080::34::27::19::32
. Yahoo guy sighted

1 Like

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Baylam(m): 8:07pm On Sep 08
Naija

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by GoodBoi1(m): 8:07pm On Sep 08
"...ongoing reforms to align the nation’s tax system with global standards...", hmmm... Let them also align the proceeds of tax with global standards
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Razy75g: 8:08pm On Sep 08
Head slammers want to drain the masses dry. Bastard's

1 Like

Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Razy75g: 8:08pm On Sep 08
Head slammers want to drain the masses dry. Sons of bittches And basstards
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Dominiqueismad: 8:10pm On Sep 08
All na wash
Re: Income Tax: FIRS Launches Online Portal For Financial Institutions by Wiseandtrue(f): 8:12pm On Sep 08
Only to collect money undecided

When will they develop such softwares for Nigerians to access and pay easy loans

2 Likes

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