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Wednesday, May 22, 2019

Banks Shut In Ibadan Over Tax Defaulting

Banks Shut In Ibadan Over Tax Defaulting It was a disturbing incident as financial transactions were paralyzed in many banks in Ibadan, the Oyo state...

FIRS To Go After Billionaire Tax Defaulters

FIRS To Go After Billionaire Tax Defaulters The Federal Inland Revenue Service will soon go after the bank accounts of defaulting taxpayers, who are raking...

FIRS To Freeze 6,772 Accounts, Sell Tax Evaders’ Properties

FIRS To Freeze 6,772 Accounts, Sell Tax Evaders’ Properties The Executive Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, said on Thursday that the government...

FIRS Persists On Expanding Nigeria’s Tax Net

FIRS Persists On Expanding Nigeria’s Tax Net The Federal Inland Revenue Service (FIRS), has emphasised the need to widen the country’s tax net in order...

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...

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...

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...

9mobile Office Closed In Rivers Over N108m Unpaid Tax

9mobile Office Closed In Rivers Over N108m Unpaid Tax   The regional office of 9mobile (formerly Emerging Markets Telecommunication Service) in Rivers State has been shut...

VAIDS: 180 SMEs Get Education On Tax Compliance

VAIDS: 180 SMEs Get Education On Tax Compliance In a bid to get more people into the tax net through the Federal Government’s Voluntary Asset...

MDAs to Authenticate Tax Clearance Certificates before Payment

MDAs to Authenticate Tax Clearance Certificates before Payment The Federal Government has mandated all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland...
Kemi Adeosun Finance Minister

Businesses To Improve As FG cuts Tax For SMEs

Businesses To Improve As FG cuts Tax For SMEs   Last week, the Minister of Finance, Mrs Kemi Adeosun, disclosed that the Federal Government is proposing...

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,...

FG, states Realised N30bn From VAIDS — Fowler

FG, states Realised N30bn From VAIDS — Fowler   A total of N30bn has been realised from taxpayers who have declared their assets under the Voluntary...

Tax Increment On tobacco Will Continue Says Adewole

Tax Increment On tobacco Will Continue Says Adewole   The Minister of Health, Prof. Isaac Adewole, has commended President Muhammadu Buhari for increasing the tax on...

Airline Operators Threaten To Stop VAT Payment June 14

Airline Operators Threaten To Stop VAT Payment June 14   There is an imminent face-off between the Federal Government and airline operators over payment of Value...

Insurance Companies Lose N23bn To Multiple Taxation

Insurance Companies Lose N23bn To Multiple Taxation   Fifty eight insurance companies in the country have decried the increasing multiple taxation they are subjected to by...

Tax: FG captures 5m more Nigerians – Osinbajo

Tax: FG captures 5m more Nigerians – Osinbajo   At least five million more Nigerians have been added to the tax net following reforms in the...

FIRS, States Deploy Web Solution For VAT Payment, Generate N9.76bn

FIRS, States Deploy Web Solution For VAT Payment, Generate N9.76bn     Between July 2016 and April this year, the Federal Inland Revenue Service generated a total...

Efficient Tax System Vital To Economic Growth – FIRS

Efficient Tax System Vital To Economic Growth - FIRS     The Coordinating Director, Domestic Taxes Group/Special Adviser to the Executive Chairman, Federal Inland Revenue Service, Mr....

19 Firms Sealed By FIRS Over Unpaid Taxes

19 Firms Sealed By FIRS Over Unpaid Taxes     The Federal Inland Revenue Service has sealed 19 companies over their alleged failure to fulfill their tax...