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Monday, January 22, 2018

FIRS to introduce electronic tax clearance certificate

The Federal Inland Revenue Service says it will soon introduce electronic Tax Clearance Certificate (TCC) system to help reduce fraudulent certificates. Mr Kola Okunola, Director...

Interest Waiver/Penalty: FIRS Realized N27bn in 3 Years

The Federal Inland Revenue Service (FIRS) has realized the sum of N27 billion between 2013 and 2015 as part of efforts to promote voluntary...
Kemi Adeosun Finance Minister

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...

Fowler to Ahmed- ‘Tell Your Colleagues to Give Autonomy to State Tax Authorities’

…-Kwara IGR to is N17 billion in 2016 Chairman of the Joint Tax Board (JTB), Mr. Tunde Fowler placed a call to the Kwara State...

FG to Review 28 Tax Items

The Federal Government is to carry out about 28 major reviews and amendment to the current tax laws and regulations to ensure a smooth...

FG Targets N21tn Revenue from Agriculture

The Federal Government has said it will raise the contribution of agriculture to the nation’s Gross Domestic Product by N5tn before 2020. It stated that...
Nigeria Customs Service

Senate Warns Customs: Dont Collect Duties on Old Vehicles

The Senate of the Federal Republic of Nigeria has warned the Nigerian Customs Service (NCS) from collecting duties on old vehicles. In its resolution, the...

FIRS Nets N27.086 bn From Tax Waiver Programme

…Registers 814, 000 taxpayers in 2016 The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has said that the agency realised the sum of...

Actionaid cautions Nigeria on tax treaties

The Country-Director, Actionaid Nigeria, Mrs Ojobo Atuluku has called on the Nigerian Government to reconsider its position in signing tax treaties, especially those that...
Buhari

Suspend Vehicle Importation Ban, Reps tell Buhari

The House of Representatives has asked the Federal Government to suspend its new policy of banning the importation of vehicles through land borders. The lawmakers...

Emefiele seeks Cabotage Act, phone tax to raise N2trn

As Nigeria’s economic recession bites harder and unemployment rate soaring, Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has advised the...

Atiku Advises FG to Live More on Taxes

Former Vice President, Alhaji Atiku Abubakar called on the federal government to live on taxes the way advanced democracies do instead of relying on...

FIRS Seeks Robust Tax Law to Boost Revenue

The Executive Chairman, Federal Inland Revenue Service, Mr. Babatunde Fowler, has said an effective tax law is vital for the mobilisation of tax revenue. Fowler...

N5, 000 Tax Can Save a Child from Malaria- FIRS Boss

...Chartered Institute of Taxation, Ghana honours FIRS Chairman Five thousand Naira, (N5, 000) may seem too little to do a buffet at the Transcorp Hilton...

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...

Senate Asks FG To Recover N42bn Waivers Granted Dangote, Bua, Others

...Asks Stallion, Olam, Milan to refund N24bn ...House: FG loses $2.9bn annually to tax waivers The Senate has asked the federal government to recover N42 billion grants...

Nigeria can generate N5tn annually from Mining-Fayemi

The Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that Nigeria can generate about N5tn annually if it opens up the sector. He...
Refineries

FG receives $33b from NLNG’

The Federal Government has reaped over $33 billion from the Nigeria LNG Limited (NLNG) initial investment of $2.5 billion. Managing Director of the company, Babs...
barrel

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...

FG targets $2bn Revenue from Tourism

With government and economic drivers working to improve the economy through non-oil sector, the Acting Director General of the Standards Organisation of Nigeria (SON),...

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