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 the first quarter of the year, January to March, the country generated N289.04bn through VAT. NBS revealed that N269.79bn was generated...

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 into the territory’s account in 2019, the Executive Chairman of IRS, Abdullahi Attah has said. Attah said the plan was to...

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 with their tax obligations. The list which comprise of a total of 1901 accounts was published the FIRS website with...

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 abuse of tax incentives were challenges impeding development of the Nigerian taxation system. Dame Gladys Olajumoke, President of the Institute, made...

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 the Presidential Villa Monday August 19 to explain discrepancies  and underremittance of tax revenue between 2015 and 2018, Economic Confidential...

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 day of every month. It disclosed this in a public notice on Wednesday signed by its Chairman, Mr Babatunde Fowler, noting...