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Monday, May 25, 2020

Tenure: FIRS Boss, Fowler To Know Fate On October 11

Tenure: FIRS Boss, Fowler To Know Fate On October 11   The Federal High Court sitting in Kano has today heard the Originating Summons of a...

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...

Telecom Operators Criticize Proposed Communications Service Tax

Telecom Operators Criticize Proposed Communications Service Tax   Telecommunications operators have condemned the proposed nine per cent communications service tax the 9th National Assembly plans to...

Expert Calls For Simplified Tax System

Expert Calls For Simplified Tax System   The federal and state governments have been advised to address grey arears in the nation’s tax policies in order...

FG Denies Dangote, 14 Others Tax Relief

FG Denies Dangote, 14 Others Tax Relief   The Nigerian Investment Promotion Commission has rejected the application of 15 companies seeking pioneer status under the Industrial...

Investors Seek Tax Removal On Investments To Promote Savings

Investors Seek Tax Removal On Investments To Promote Savings   The prevailing high tax regime in the country has come under fresh criticism, as investors have...

VAT Increase To Generate Extra N479.7bn Revenues

VAT Increase To Generate Extra N479.7bn Revenues   The proposed 7.2 per cent Value Added Tax (VAT) proposal by the Federal Executive Council (FEC) is expected...

VAT Hike Will Kill Businesses, Shrink GDP, Experts Say

VAT Hike Will Kill Businesses, Shrink GDP, Experts Say Experts and groups such as the Nigeria Employers’ Consultative Association have said the recent increase in...

23,141 Tax Defaulters Owe N254bn, Says FIRS

23,141 Tax Defaulters Owe N254bn, Says FIRS   The Federal Inland Revenue Service says a total of 23,141 defaulters owe N254bn in tax liabilities. The service also...

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...

Nigeria Earned N35trn From Tax In 8 Years, Says FIRS

Nigeria Earned N35trn From Tax In 8 Years, Says FIRS   Within an eight-year period covering 2011 and 2018, the country earned a total of N35.56tn...

FIRS Strategies Will Improve Tax Revenue – CITN

FIRS Strategies Will Improve Tax Revenue - CITN   The Chartered Institute of Taxation of Nigeria has expressed confidence that the current strategies and initiatives of...

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...

VAT Generates N312bn In 3 Months

VAT Generates N312bn In 3 Months   The Federal Government generated N311.94bn between April and June; statistics provided by the National Bureau of Statistics have shown. 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...

FIRS Lists Obasanjo Farms, Others Among 1901 Tax Defaulters

FIRS Lists Obasanjo Farms, Others Among 1901 Tax Defaulters   The Federal Inland Revenue Service (FIRS) has published names of businesses that have failed to comply...

Abuse Of Tax Incentives, Multi-Taxation Are Impediments To Taxation – CITN

Abuse Of Tax Incentives, Multi-Taxation Are Impediments To Taxation - CITN   The Chartered Institute of Taxation of Nigeria (CITN), on Monday, said multiple taxation and...

Buhari Summons Fowler Over Tax Under Remittance

Buhari Summons Fowler Over Tax Under Remittance President Muhammadu Buhari has summoned the Executive Chairman of the Federal Inland Revenue Service(FIRS) Mr Babatunde Fowler to...

FIRS Sets Deadline For VAT Remittance

FIRS Sets Deadline For VAT Remittance The Federal Inland Revenue Service has said all companies must remit value-added tax and withholding tax by the 21st...

Tax Dispute: MTN Engages KPMG To Tackle FIRS

Tax Dispute: MTN Engages KPMG To Tackle FIRS MTN has engaged the services of the KPMG to handle the demand for the payment of tax...
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 138,536
Cases: 138,536
Deaths: 4,024
Recovered: 57,692
Active: 76,820
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