FIRS Seeks CBN Support To Track VAT Paid By Foreign Entities The Federal Inland Revenue Service is seeking the support of the Central Bank of Nigeria to track payment of Value Added Tax made electronically by foreign entities that are not registered in Nigeria. The agency...

FIRS Targets N750bn From 55,000 Millionaire Tax Defaulters   The Federal Inland Revenue Service, FIRS hopes to pull in about N750bn from about 55,000 defaulting taxpayers, Executive Chairman, Tunde Fowler said today in Abuja. Fowler told the House of Representatives joint committees on Finance, Appropriations, Aids, Loans...

14 Commercial Banks Billed To Pay N103bn Taxes To FIRS   A total of 14 commercial banks listed on the Nigerian Stock Exchange are billed to pay N103bn in taxes to the Federal Inland Revenue Service for the 2018 financial year. An analysis of the recent financial...

Taxation: FIRS Discovers 55,000 Tax Defaulters   The Federal Inland Revenue Service (FIRS) has disclosed that it recently discovered not less than 55,000 tax defaulters from the bank accounts substitution initiative that it embarked upon earlier this year. The Chairman of the Service, Babatunde Fowler, made the...

PwC: Nigeria Needs To Reduce Tax Compliance Cost PwC Nigeria has said the deployment of technology will help Nigeria to reduce tax compliance costs in order to encourage more people to pay taxes. The Head of Tax, PwC Nigeria, Mr Taiwo Oyedele, spoke on Tuesday in...

Telecoms Operators Denounce Multiple Environmental Taxes Telecoms operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria are lamenting the huge tax burden from states and federal ministries of environment. They complained that they had been receiving demand notices on Environmental Impact Assessment...