Hoteliers Arrested Over Tax Evasion
The Federal Inland Revenue Services has arrested Chief Executive Officers (CEOs) of some hotels operating within the Federal Capital Territory for evading taxes....
Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion
Reps Summon Adebayo Over MTN’s Alleged N2.6trn Tax Evasion
The House of Representatives’ Committee on Public Accounts has vowed to ensure accountability on the capital...
VAIDS: FIRS, JTB Commence Enforcement On Defaulters
VAIDS: FIRS, JTB Commence Enforcement On Defaulters
Following the expiration of the amnesty by the Voluntary Assets and Income Declaration Scheme (VAIDS), the Joint Tax...
Tackling fiscal deficit through effective tax system
Amidst declining revenue from oil, low tax to Gross Domestic Product ratio and a rapidly changing commercial environment, IFEANYI ONUBA examines what impact the...
Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months
Report Reveals Nigerians Paid N2trn Indirect Taxes In Nine Months
Amid an economic downturn and rising inflation, the tax burden on Nigerians in the first...
Fed Govt Earned N454.69bn From VAT In Q4, 2020
Fed Govt Earned N454.69bn From VAT In Q4, 2020
The Federal Government generated N454.69bn from Value Added Tax in the fourth quarter of 2020.
The National...
FG Plans Bill To Address Multiple Taxes, Disparity
FG Plans Bill To Address Multiple Taxes, Disparity
The Technical Committee of the National Tax Policy Implementation Committee will soon present a bill to the...
LCCI To FG: Scrap Taxes On Solar Equipment
LCCI To FG: Scrap Taxes On Solar Equipment
The Director-General, Lagos Chambers of Commerce and Industry, Muda Yusuf, has said that the import duty and...
FG Generates 55% of VAT from Lagos –Adeosun
The Minister of Finance, Mrs. Kemi Adeosun, has said that 55 per cent of the revenue generated by the Federal Government from Value Added...
More Agitations against Multiple Taxation as Tax revenue hits N2tr
The Chairman of Federal Inland Revenue Service (FIRS), Ifueko Omoigui Okauru has disclosed that multiple taxation are inimical to economic development, just as the...
PIA’ll Deplete Tax Revenue, FIRS warns
PIA'll Deplete Tax Revenue, FIRS warns
Federal Inland Revenue Service (FIRS) Chairman, Mohammed Nami, said though the law may affect revenue expected to be generated...
I’m not a ‘tax collector’, says Omoigui Okauru
She is the nation’s Chief Tax Collector.But Executive Chairman Federal Inland Revenue Service, FIRS, Mrs. Ifueko Omoigui Okauru stunned the audience in Abuja yesterday...
Tax Exemptions, Waivers to Cost FG N12.4trn in Four Years
Tax Exemptions, Waivers to Cost FG N12.4trn in Four Years
A whopping N12.384 trillion will be forgone by the Federal Government as tax waivers, concessions...
Oil prices now $46 per barrel
Oil hit its highest level price yesterday, driven by a falling dollar and evidence of declining United States (U.S..). supply, putting the price on...
FIRS Targets 45m Taxpayers By December, Says Fowler
FIRS Targets 45m Taxpayers By December, Says Fowler
Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before...
Nigerians Enjoy lowest VAT rate –FIRS boss
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mrs. Ifueko Omoigui-Okauru has said that Nigeria is the only country where Value Added...
FIRS boss tasks tax officials on MDGs, Vision 2020 goals
Encouraged by the support of government toward its activities and the remarkable tax revenues raked into government’s coffers in past years, the Executive Chairman...
FIRS Places VAT On Online Transactions From January 2020
FIRS Places VAT On Online Transactions From January 2020
Chairman of the Federal Inland Revenue Service, Babatunde Fowler, on Monday said that Nigerian banks would...
Rivers Launches Tax Friendly Policies
Rivers Launches Tax Friendly Policies
Rivers state has commissioned Tax Management (RIVTAMIS) and issuance of Tax Identification Number (RIVTIN) as policies to eliminate difficulty in...
IRS Targets N80bn Revenue In FCT
IRS Targets N80bn Revenue In FCT
The Federal Capital Territory’s (FCT) Inland Revenue Service (IRS) is working hard to rake in not less than N80bn...