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Tuesday, July 23, 2019

Finance Minister Advocates Partnership On Tax Issues

… As FIRS Arraigns foreigners and Raids Hotels over Tax Evasion and Arrears The Finance Minister, Mansur Muhtar has said unless the Government partners...

FIRS Begins Online Collection Of Taxes

Taxpayers can now pay their taxpayers online by logging into the internet banking platform of any commercial bank in Nigeria, choosing the FIRS link...

Banks Suspends BDCs’ Accounts, Demands Tax Remittance

Banks Suspends BDCs' Accounts, Demands Tax Remittance The Association of Bureau De Change Operators of Nigeria has kicked against ongoing banks’ suspension of bureau de...

FIRS Eyes N1.8trn Revenue from VAT

The Federal Inland Revenue Service (FIRS) is targeting N1.8 trillion Value Added Tax (VAT) collection for the 2017 fiscal year. Its Executive Chairman, Tunde Fowler,...

Rising Fury Over Package For Officials

The Revenue Mobilisation, Allocation and Fiscal Commission(RMAFC) is saddled with the responsibility of monitoring the accruals to and disbursement of revenue from the Federation...

States Failed To Remit N41bn VAT – FIRS

States Failed To Remit N41bn VAT – FIRS   The Federal Inland Revenue Service has accused state governments of failing to remit Value Added Tax to...

Technology Will Greatly Impact On Tax Administration, Expert Forecast

Technology Will Greatly Impact On Tax Administration, Expert Forecast   Citing a new study conducted by Deloitte on tax administration in Nigeria, experts have said technology...

FG Rejects IMF’s Tax Recommendation

FG Rejects IMF’s Tax Recommendation   In response to the International Monetary Fund’s recommendation that Nigeria increases its revenue through tax, Finance Minister Zainab Ahmed has...

JTB Eyes 40million Individuals Outside Tax Net

JTB Eyes 40million Individuals Outside Tax Net The Chairman, Joint Tax Board (JTB), Mr. Babatunde Fowler, says the board is set to capture 40 million...

Tax Probe: RMAFC, Workers Bicker Over Consultants’ Engagement

Tax Probe: RMAFC, Workers Bicker Over Consultants’ Engagement Workers of the Revenue Mobilisation Allocation and Fiscal Commission have disagreed with the management of the organisation...

FIRS Agrees To Refund $2m, Other Tax Overpayments In Arco, GE Saga

FIRS Agrees To Refund $2m, Other Tax Overpayments In Arco, GE Saga   The Federal Inland Revenue Service (FIRS), has said it will refund the N360million...

FG Decries Multiple taxation in Nigeria

The Federal Government has decried incidences of multiple taxation in the country, saying it is harmful to the economy. Finance  Minister, Ngozi Okonjo-Iweala who made...

21,212 Professionals Certified For Tax, Economic Reforms

21,212 Professionals Certified For Tax, Economic Reforms The Chartered Institute of Taxation of Nigeria (CITN) has certified no fewer than 21,212 tax professionals to date,...

LCCI Tackles FIRS Over Freezing Of Alleged Tax Defaulters’ Bank Accounts

LCCI Tackles FIRS Over Freezing Of Alleged Tax Defaulters’ Bank Accounts   The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over reports by...

AGF Eulogises Ex-FIRS boss on improved Tax Policies

The immediate past Chairman of Federal Inland Revenue Service in Nigeria, Mrs. Ifueku Okaru has been commended for championing the active participation of the...

Re: ‘Senators, Ministers Hijack 524 Jobs in FIRS’: Facts

The attention of the Board and Management of the Federal Inland Revenue Service, FIRS has been drawn to the publication ‘Senators, ministers hijack 524...

FIRS Lauds NNPC for Tax Audit

The Federal Inland Revenue Service (FIRS) has commended the Nigerian National Petroleum Corporation (NNPC) for subjecting itself to tax audit as a good responsible...

Tax Identification Number to Reduce Tax Evasion

- FIRS Boss The adoption of a national Taxpayer Identification Number, TIN and information exchange amongst states will reduce tax evasion and lead...

FIRS: We will Curb Tax Evasion to Boost Govt Revenue

The Federal Inland Revenue Service (FIRS) on Tuesday said it was putting mechanism in place to curb the challenge of tax evasion in the...

As FG Recovers N33bn From Defaulters, Earns N1.1trn From VAT

As FG Recovers N33bn From Defaulters, Earns N1.1trn From VAT   The National Bureau of Statistics has said that the country generated a total of N1.1tn...