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Monday, May 25, 2020

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...

KADIRS Shut Banks Over N294.85m Taxes

KADIRS Shut Banks Over N294.85m Taxes   The Kaduna State Internal Revenue Service (KADIRS) on Tuesday sealed off the First City Monument Bank and Keystone Bank...
Live Covid-19
United States 1,686,436
Cases: 1,686,436
Deaths: 99,300
Recovered: 451,702
Active: 1,135,434
Brazil 365,213
Cases: 365,213
Deaths: 22,746
Recovered: 149,911
Active: 192,556
Russia 344,481
Cases: 344,481
Deaths: 3,541
Recovered: 113,299
Active: 227,641
Spain 282,852
Cases: 282,852
Deaths: 28,752
Recovered: 196,958
Active: 57,142
United Kingdom 259,559
Cases: 259,559
Deaths: 36,793
Recovered:
Active: 222,766
Italy 229,858
Cases: 229,858
Deaths: 32,785
Recovered: 140,479
Active: 56,594
France 182,584
Cases: 182,584
Deaths: 28,367
Recovered: 64,617
Active: 89,600
Germany 180,328
Cases: 180,328
Deaths: 8,371
Recovered: 160,300
Active: 11,657
Turkey 156,827
Cases: 156,827
Deaths: 4,340
Recovered: 118,694
Active: 33,793
India 138,917
Cases: 138,917
Deaths: 4,024
Recovered: 57,721
Active: 77,172
Iran 135,701
Cases: 135,701
Deaths: 7,417
Recovered: 105,801
Active: 22,483
Peru 119,959
Cases: 119,959
Deaths: 3,456
Recovered: 49,795
Active: 66,708
Canada 84,699
Cases: 84,699
Deaths: 6,424
Recovered: 43,985
Active: 34,290
China 82,985
Cases: 82,985
Deaths: 4,634
Recovered: 78,268
Active: 83
Saudi Arabia 72,560
Cases: 72,560
Deaths: 390
Recovered: 43,520
Active: 28,650
Chile 69,102
Cases: 69,102
Deaths: 718
Recovered: 28,148
Active: 40,236
Mexico 68,620
Cases: 68,620
Deaths: 7,394
Recovered: 47,424
Active: 13,802
Belgium 57,092
Cases: 57,092
Deaths: 9,280
Recovered: 15,272
Active: 32,540
Pakistan 54,601
Cases: 54,601
Deaths: 1,133
Recovered: 17,198
Active: 36,270
Netherlands 45,236
Cases: 45,236
Deaths: 5,822
Recovered:
Active: 39,414
Qatar 43,714
Cases: 43,714
Deaths: 23
Recovered: 9,170
Active: 34,521
Ecuador 36,756
Cases: 36,756
Deaths: 3,108
Recovered: 3,560
Active: 30,088
Belarus 36,198
Cases: 36,198
Deaths: 199
Recovered: 14,155
Active: 21,844
Bangladesh 33,610
Cases: 33,610
Deaths: 480
Recovered: 6,901
Active: 26,229
Sweden 33,459
Cases: 33,459
Deaths: 3,998
Recovered: 4,971
Active: 24,490
Singapore 31,616
Cases: 31,616
Deaths: 23
Recovered: 14,876
Active: 16,717
Switzerland 30,736
Cases: 30,736
Deaths: 1,906
Recovered: 28,100
Active: 730
Portugal 30,623
Cases: 30,623
Deaths: 1,316
Recovered: 17,549
Active: 11,758
United Arab Emirates 29,485
Cases: 29,485
Deaths: 245
Recovered: 15,056
Active: 14,184
Ireland 24,639
Cases: 24,639
Deaths: 1,608
Recovered: 21,060
Active: 1,971