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Tuesday, July 23, 2019

Fowler: No Multiple Taxation In Nigeria

Fowler: No Multiple Taxation In Nigeria   The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has said multiple taxation does not exist in...

FG Directs IOCs To Pay $20bn In Back Taxes

FG Directs IOCs To Pay $20bn In Back Taxes The Federal Government has ordered international oil companies operating in the country to pay nearly $20bn...

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...

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...

Firm Advocates Tax Concession for Hospitality Businesses

Firm Advocates Tax Concession for Hospitality Businesses   The Managing Director of Jumia hotel and flight services, Omolara Adagunodo, has called on the federal government to...

FIRS To Auction Properties Of 52 Firms Over N3.4bn Tax Debt

FIRS To Auction Properties Of 52 Firms Over N3.4bn Tax Debt   The Federal Inland Revenue Service is to dispose of the properties of 52 companies...

Kogi Shuts Down MTN Facilities Over N120m Tax Default

Kogi Shuts Down MTN Facilities Over N120m Tax Default   The Kogi State Internal Revenue Service (KGIRS) has again shutdown facilities of telecommunications giant, MTN Nigeria...

We’ll Surpass Our N5.3trn 2018 Revenue – FIRS Boss

We'll Surpass Our N5.3trn 2018 Revenue - FIRS Boss   The Executive Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, has said that the service will...

In 2018, FIRS’s Revenue Collection Cost Hit N300bn

In 2018, FIRS’s Revenue Collection Cost Hit N300bn The Federal Inland Revenue Service received a total of N300bn within a three-year period covering 2016 to...

FIRS Targets N8trn Revenue In 2019

FIRS Targets N8trn Revenue In 2019 The Federal Inland Revenue Service has given itself a target to generate N8trn revenue in 2019. As such, it called...

FIRS Hits N5.3trn Revenue Collection

FIRS Hits N5.3trn Revenue Collection …..Targets N8trn in 2019 …. e-TCC hits 59,350 The Federal Inland Revenue Service, FIRS, re-wrote Nigeria’s tax collection history in 2018, when...

FCT-IRS Generates N59bn From Tax Collection

FCT-IRS Generates N59bn From Tax Collection The FCT-Internal Revenue Service has generated N59bn from taxation this year. The agency has also projected to increase the revenue...

As 2018 Winds Down, FIRS Generates N5trn, Targets N5.3trn

As 2018 Winds Down, FIRS Generates N5trn, Targets N5.3trn According a statement by the service, the Executive Chairman of the FIRS, Babatunde Fowler, who stated...

Tax Revenue: FG Targets N900bn Offshore Assets

Tax Revenue: FG Targets N900bn Offshore Assets The Attorney General of the Federation (AGF) and Minister of Justice, Mr. Abubakar Malami, has disclosed that the...

‘Tax Reforms Policies Should Target Consumption’

‘Tax Reforms Policies Should Target Consumption’   The Partner, Advisory, West Africa, EY, Ben Afudego, has stated the need for the federal government to pursue tax...

Tribunal Commences Hearing Of 209 Tax Cases Worth N205bn

Tribunal Commences Hearing Of 209 Tax Cases Worth N205bn   The newly inaugurated Tax Appeal Tribunal on Tuesday commenced its sitting on tax-related cases with a...

150 Telecom Sites Shut Over Unmet Tax Demands

150 Telecom Sites Shut Over Unmet Tax Demands   About 150 telecommunications base stations have been closed down in 10 states and the Federal Capital Territory...

CITN, Others Insist Tax Remains Sustainable Revenue, Seek Professionalism

CITN, Others Insist Tax Remains Sustainable Revenue, Seek Professionalism   The Chartered Institute of Taxation of Nigeria (CITN), like other global organisations, has lent its voice...

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...

Tribunal Yet To Hear 209 Cases Of N6trn Tax Worth

Tribunal Yet To Hear 209 Cases Of N6trn Tax Worth   About 209 cases worth over N6tn are currently pending at the various zones of the...