Fiscal & Tax

Nigeria Revenue Service (Establishment) Act 2025

Renames FIRS to the Nigeria Revenue Service and expands its mandate to cover customs duties and other federal revenues beyond taxes.

Signed
2025-06-26
Effective
2026-01-01
Assented by
Bola Ahmed Tinubu →
Status
In force

1 Background

The NRS Act rebrands the Federal Inland Revenue Service as the Nigeria Revenue Service and gives it a wider remit. Beyond the federal taxes FIRS already collected, NRS now coordinates customs duties (previously NCS-only) and several non-tax revenues that were sitting in siloed agencies. The Act also formalises NRS as an autonomous service rather than a parastatal of the Finance Ministry.

2 Key provisions (5)

01
FIRS rebranded as Nigeria Revenue Service (NRS)
02
Mandate extended to customs duties and other non-tax federal revenues
03
Autonomy from the Finance Ministry codified
04
Performance-based remuneration regime for NRS staff
05
Mandatory annual revenue performance report to the National Assembly

3 What changed in practice

→
Single federal collector for taxes + customs (Nigeria Customs Service still operationally separate but coordinated)
→
Revenue staff motivation linked to collection performance
→
NRS now reports to the President directly, not the Finance Minister

4 Who it affects

Tax payersImportersNCS officersFIRS legacy staff
Official Source
Statehouse press release
Primary regulator / sponsoring institution
Use this law on the site
Tax calculator suite
Cross-linked tool that operationalises this Act

5 What it repealed / replaced

★ Other laws in Fiscal & Tax

Nigeria Tax Act 2025
Consolidates 50+ tax statutes into a single substantive code — replaces PITA, CITA, VAT Act, Petroleum Profits Tax Act, Stamp Duties Act, CGT Act and others.
Tax Administration Act 2025
Unified procedures for tax registration, assessment, dispute resolution, taxpayer rights and penalties across federal, state and LGA authorities.
Joint Revenue Board (Establishment) Act 2025
Creates the Joint Revenue Board, the Tax Appeal Tribunal and the Tax Ombud — coordinating federal, state and local revenue collection.
Finance Act 2023
Last major Finance Act under Buhari — raised the tertiary education tax to 3%, expanded digital tax to non-resident companies, and introduced the controversial 0.5% cybersecurity levy.