KADIRS Shut Banks Over N294.85m Taxes   The Kaduna State Internal Revenue Service (KADIRS) on Tuesday sealed off the First City Monument Bank and Keystone Bank in Kaduna metropolitan’s over unpaid tax liabilities and PAYE. The agency sealed two branches of the FCMB at the Kachia road,...

In Nine Months, 13 Banks Pay N136.84bn Tax   Thirteen commercial banks listed on the Nigerian Stock Exchange paid N136.84bn in taxes to the Federal Inland Revenue Service in the nine-month period ended September 30, 2019. Data obtained from the financial statements of banks for the period...

Firms Earning Below N25m 'll Not Pay Companies Tax - Minister   The Finance Bill 2019, when signed into law, will ensure that small businesses with turnover less than N25m will be exempted from Companies Income Tax, the Federal Government has said. Currently, all companies are expected...

FIRS Gives One Month Notice to Ease TCC Issuance ..announces new TCC regime Executive Chairman Federal Inland Revenue Service(FIRS), Muhammad Nami, has offered a 30- day window to enable taxpayers, obtain Tax Clearance Certificate. Nami personally signed the public notice, designed to make things easy for taxpayers. Titled...

TAX: Kano Seals 3 Zenith Bank Branches Over N423m Debt   The Kano State Internal Revenue Services (KIRS) on Monday sealed three branches of Zenith bank in Kano over non-payment of N423m personal income tax. The Executive Chairman of KIRS, Alhaji Sani Abdulqadir Dambo, said the Service...

FIRS Gives 7-day Notice To Tax Defaulters   The Federal Inland Revenue Service has given a seven-day notice to tax defaulters, with a warning that it will soon begin a nationwide tax enforcement to bring defaulters to book. The notice was contained in a statement signed by...