PAST QUESTIONS

Federal Inland Revenue Service FIRS Recruitment exams

FIRS Recruitment Exam Past Questions
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The Federal Inland Revenue Service (FIRS) is the agency responsible for the assessment, collection, and accounting of taxes and other revenues accruing to the Federal Government of Nigeria. The agency was established by the Federal Inland Revenue Service (Establishment) Act, No. 13 of 2007, and is charged with the responsibility of administering the various tax laws in Nigeria.

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The FIRS Recruitment, as the name implies, refers to the process of hiring new staff to fill vacant positions within the organization. The recruitment process usually involves advertising job vacancies, accepting applications, and conducting interviews to select the most suitable candidates for the available positions

What are the subjects selections for the Federal Inland Revenue Service FIRS Questions?

The questions are picked from the areas listed below

Mathematics
Current Affairs
English language
General Knowledge of taxes and revenues

FIRS Recruitment Exam Past Questions and Answers

What is the full meaning of FIRS?
a) Federal Internal Revenue Services
b) Federal Inland Revenue Services
c) Federal International Revenue Services
d) Federal Income Revenue Services

Who is the current Chairman of FIRS?
a) Babatunde Fowler
b) Muhammad Nami
c) Tunde Fowler
d) Abiodun Aina

What is the main objective of FIRS?
a) To enforce tax laws in Nigeria
b) To collect tax revenue for the Nigerian government
c) To provide tax incentives to taxpayers
d) To regulate tax policies in Nigeria

What is the current Value Added Tax (VAT) rate in Nigeria as set by FIRS?
a) 2.5%
b) 5%
c) 7.5%
d) 10%

In 2021, FIRS introduced a new digital tax clearance certificate system, what is the name of this system?
a) e-TCC
b) m-TCC
c) d-TCC
d) i-TCC

Which of the following sectors does FIRS not regulate?
a) Oil and Gas
b) Telecommunications
c) Banking and Finance
d) Agriculture

What impact has FIRS’ tax revenue collection measures had on Nigeria’s economy?
a) Increased government revenue for funding of infrastructural projects
b) Reduced the country’s debt burden
c) Attracted foreign investments to the country
d) All of the above

Which government agency supervises FIRS in Nigeria?
a) Federal Ministry of Finance
b) Central Bank of Nigeria
c) National Assembly
d) Economic and Financial Crimes Commission (EFCC)

What is the current deadline for filing tax returns in Nigeria according to FIRS?
a) 31st January
b) 28th February
c) 31st March
d) 30th April

FIRS Exam Questions Mathematics Questions

What is the maximum penalty for tax evasion in Nigeria according to FIRS?
a) Twice the amount of tax evaded
b) Three times the amount of tax evaded
c) Four times the amount of tax evaded
d) Five times the amount of tax evaded

What is the minimum turnover threshold for VAT registration in Nigeria according to FIRS?
a) N5 million per annum
b) N10 million per annum
c) N25 million per annum
d) N50 million per annum

What is the current rate of stamp duty tax in Nigeria according to FIRS?
a) 0.5%
b) 1%
c) 1.5%
d) 2%

What is the process for obtaining a Tax Clearance Certificate (TCC) in Nigeria according to FIRS?
a) Apply online and obtain the certificate within 24 hours
b) Apply at a FIRS office and obtain the certificate within 7 working days
c) Apply at a FIRS office and obtain the certificate within 14 working days
d) Apply at a FIRS office and obtain the certificate within 30 working days

What is the penalty for failure to deduct and remit Pay-As-You-Earn (PAYE) tax in Nigeria according to FIRS?
a) 10% of the tax liability
b) 20% of the tax liability
c) 30% of the tax liability
d) 40% of the tax liability

How often does FIRS issue Tax Identification Numbers (TINs) to taxpayers in Nigeria?
a) Daily
b) Weekly
c) Monthly
d) Quarterly

Which of the following taxes is not collected by FIRS in Nigeria?
a) Value Added Tax (VAT)
b) Company Income Tax (CIT)
c) Personal Income Tax (PIT)
d) Import Duties

What is the penalty for failure to file tax returns in Nigeria according to FIRS?
a) N50,000 for individuals and N500,000 for companies
b) N25,000 for individuals and N250,000 for companies
c) N100,000 for individuals and N1,000,000 for companies
d) N10,000 for individuals and N100,000 for companies

In what year was FIRS established in Nigeria?
a) 1988
b) 1991
c) 1993
d) 1996

What is the current withholding tax rate in Nigeria according to FIRS?
a) 2.5%
b) 5%
c) 7.5%
d) 10%

What is the penalty for late payment of tax in Nigeria according to FIRS?
a) 5% of the outstanding tax liability
b) 10% of the outstanding tax liability
c) 15% of the outstanding tax liability
d) 20% of the outstanding tax liability

How often does FIRS conduct tax audits on businesses in Nigeria?
a) Every year
b) Every two years
c) Every three years
d) Every five years

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