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Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]
All these government agencies and parastatals send top representatives on the CAC board. On Thursday, 25 May 2023, Nigeria launched its Open Central Register of Beneficial Ownership (known as the Persons with Significant Control Register) in line with its commitment at the Anti-Corruption Summit held in London on 12 May 2016.
The Bill for an Act to Repeal and Re-enact the Revenue Mobilisation Allocation and Fiscal Commission Act, 2023 has passed the second reading in the National Assembly. The new law seeks to strengthen the Commission to carry out its duties of monitoring and disbursement of revenue inflows more effectively. [ 1 ]
Corporate Affairs Commission (CAC) Services are classified into segments: PART A - Registry PART B - Registration of Business Names PART C - Registration of Incorporated Trustees (NGO’s) These classifications above cover the following services: Incorporation of Companies (Private or Public Company, Limited by guarantee) [6]
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SERVICOM was established on March 21, 2004, following a Presidential Retreat on Service Delivery held earlier that year. The retreat, initiated by the Federal Government of Nigeria, aimed to address the persistent inefficiency and poor quality of services in public institutions.
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