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Saturday, June 6, 2020

FIRS sets new record in revenue collection

FIRS sets new record in revenue collection ...records 15% increase in Q1 The final performance result in revenue collection by the Federal Inland Revenue Service (FIRS) for...

N8.5 trillion tax target: FIRS records 10.4% increase in Q1 collection

N8.5 trillion tax target: FIRS records 10.4% increase in Q1 collection In spite of the sharp fall in the price of Nigeria’s major export and...

LIRS Extends Deadline For Filing Annual Tax Returns

LIRS Extends Deadline For Filing Annual Tax Returns   The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of Annual Returns for...

Tax: Ease of payment critical to national development – FIRS

Tax: Ease of payment critical to national development – FIRS A tax system designed to facilitate  voluntary compliance and seamless payment by  taxpayers is critical to achieving...

FIRS Sets April 1 For eVAT Collection For Superstores, Others

FIRS Sets April 1 For eVAT Collection For Superstores, Others   The Federal Inland Revenue Service (FIRS) has stated that its Automated Value Added Tax (VAT)...

How AI, Machine Learning, Others Challenge tax collection, by FIRS

How AI, Machine Learning, Others Challenge tax collection, by FIRS    The Executive Chairman (EC), Federal Inland Revenue Service(FIRS), Mr. Muhammad Nami, has alerted tax...

Fed Govt To Review Tax Exemption For Pioneer Firms

Fed Govt To Review Tax Exemption For Pioneer Firms   The Federal Inland Revenue Service has accused some multinationals operating in Nigeria of not paying the...

FIRS Moves to block PAYE tax leaks in MDAs

FIRS Moves to block PAYE tax leaks in MDAs The Federal Inland Revenue Service (FIRS) is working closely with Ministries, Departments and Agencies (MDAs) to...

FIRS Targets N4trn Tax From Oil, Gas Companies

FIRS Targets N4trn Tax From Oil, Gas Companies   The Federal Inland Revenue Service (FIRS) expects to rake in N4 trillion as tax revenue from the...

Tax Tribunal orders ECO Bank to pay N1.6 billion to FIRS

Tax Tribunal orders ECO Bank to pay N1.6 billion to FIRS The Tax Appeal Tribunal, Lagos Zone has declared as illegal, null and void the...

FIRS Sets April 12 Deadline For Taxpayers To Get TIN

FIRS Sets April 12 Deadline For Taxpayers To Get TIN   The Federal Inland Revenue Service (FIRS) has again said it is mandatory for all taxpayers...

Tax Evasion: Lagos Tribunal Orders Firm To Pay FIRS N1.7bn

Tax Evasion: Lagos Tribunal Orders Firm To Pay FIRS N1.7bn   The Tax Appeal Tribunal, Lagos Zone, has ruled as lawful an assessment in additional tax...

FIRS To Defaulters: Pay Up Or Risk Being Sanctioned

FIRS To Defaulters: Pay Up Or Risk Being Sanctioned   The Federal Inland Revenue Service has warned those in default of taxes to pay up or...

FIRS Targets 17% Tax To GDP Ratio By 2023

FIRS Targets 17% Tax To GDP Ratio By 2023   The Federal Inland Revenue Service has said that it will raise Nigeria’s tax ratio to Gross...

FIRS Explains failure to meet tax target

FIRS Explains failure to meet tax target  Non-discretionary tax waiver grants, illicit financial flows abroad and high overhead costs have been adduced as major reasons...

Tax Evasion: FIRS launches intelligence system

Tax Evasion: FIRS launches intelligence system The Federal Inland Revenue Service (FIRS) has launched a national intelligence gathering system to gather data and track all...

Finance Act: Elites to pay more as FIRS Eyes fair tax regime

Finance Act: Elites to pay more as FIRS Eyes fair tax regime Nigeria stands at the threshold of a new, transparent, accountable and fair...

FIRS Moves to block $10 billion tax leak by multinationals

FIRS Moves to block $10 billion tax leak by multinationals Nigeria is losing about $10 billion of tax through illicit profit shifting by multinational corporations...

New VAT: Stakeholders Demand Exemption, Waivers, Infrastructure

New VAT: Stakeholders Demand Exemption, Waivers, Infrastructure   Following the decision of the Federal Government to begin implementation of increased VAT regime of 7.5 per cent,...

TAX: Chinese Firm, WEMPCO, Grounded Over N200m Debt

TAX: Chinese Firm, WEMPCO, Grounded Over N200m Debt   The placement of a lien on the accounts of a Chinese firm, Western Metal Products Company, popularly...
Live Covid-19
United States 1,965,912
Cases: 1,965,912
Deaths: 111,394
Recovered: 738,729
Active: 1,115,789
Brazil 646,006
Cases: 646,006
Deaths: 35,047
Recovered: 302,084
Active: 308,875
Russia 458,689
Cases: 458,689
Deaths: 5,725
Recovered: 221,388
Active: 231,576
Spain 288,058
Cases: 288,058
Deaths: 27,134
Recovered:
Active: 260,924
United Kingdom 283,311
Cases: 283,311
Deaths: 40,261
Recovered:
Active: 243,050
India 237,395
Cases: 237,395
Deaths: 6,650
Recovered: 114,073
Active: 116,672
Italy 234,531
Cases: 234,531
Deaths: 33,774
Recovered: 163,781
Active: 36,976
Peru 187,400
Cases: 187,400
Deaths: 5,162
Recovered: 79,214
Active: 103,024
Germany 185,414
Cases: 185,414
Deaths: 8,763
Recovered: 168,900
Active: 7,751
Turkey 168,340
Cases: 168,340
Deaths: 4,648
Recovered: 133,400
Active: 30,292
Iran 167,156
Cases: 167,156
Deaths: 8,134
Recovered: 129,741
Active: 29,281
France 153,055
Cases: 153,055
Deaths: 29,111
Recovered: 70,504
Active: 53,440
Chile 122,499
Cases: 122,499
Deaths: 1,448
Recovered: 95,631
Active: 25,420
Mexico 110,026
Cases: 110,026
Deaths: 13,170
Recovered: 78,590
Active: 18,266
Saudi Arabia 95,748
Cases: 95,748
Deaths: 642
Recovered: 70,616
Active: 24,490
Canada 94,335
Cases: 94,335
Deaths: 7,703
Recovered: 52,568
Active: 34,064
Pakistan 93,983
Cases: 93,983
Deaths: 1,935
Recovered: 32,581
Active: 59,467
China 83,030
Cases: 83,030
Deaths: 4,634
Recovered: 78,329
Active: 67
Qatar 65,495
Cases: 65,495
Deaths: 49
Recovered: 40,935
Active: 24,511
Bangladesh 63,026
Cases: 63,026
Deaths: 846
Recovered: 13,325
Active: 48,855
Belgium 58,907
Cases: 58,907
Deaths: 9,566
Recovered: 16,112
Active: 33,229
Netherlands 47,152
Cases: 47,152
Deaths: 6,005
Recovered:
Active: 41,147
Belarus 46,868
Cases: 46,868
Deaths: 259
Recovered: 22,066
Active: 24,543
South Africa 43,434
Cases: 43,434
Deaths: 908
Recovered: 23,088
Active: 19,438
Sweden 42,939
Cases: 42,939
Deaths: 4,639
Recovered:
Active: 38,300
Ecuador 41,575
Cases: 41,575
Deaths: 3,534
Recovered: 20,568
Active: 17,473
United Arab Emirates 37,642
Cases: 37,642
Deaths: 274
Recovered: 20,337
Active: 17,031
Singapore 37,527
Cases: 37,527
Deaths: 24
Recovered: 24,209
Active: 13,294
Colombia 36,635
Cases: 36,635
Deaths: 1,145
Recovered: 13,638
Active: 21,852
Portugal 33,969
Cases: 33,969
Deaths: 1,465
Recovered: 20,526
Active: 11,978