Tax Matters

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   Federal Inland Revenue Service has said that about 45 million Nigerians will be captured as taxpayers before...

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   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   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   The prevailing high tax regime in the country has come under fresh criticism, as investors have...

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 Experts and groups such as the Nigeria Employers’ Consultative Association have said the recent increase in...

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   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   Within an eight-year period covering 2011 and 2018, the country earned a total of N35.56tn...

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   Chairman of the Federal Inland Revenue Service, Babatunde Fowler, on Monday said that Nigerian banks would...

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   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   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   The Chartered Institute of Taxation of Nigeria (CITN), on Monday, said multiple taxation and...

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 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 MTN has engaged the services of the KPMG to handle the demand for the payment of tax...