LCCI Tackles FIRS Over Freezing Of Alleged Tax Defaulters’ Bank Accounts   The Lagos Chamber of Commerce and Industry (LCCI) has expressed concern over reports by many corporate bodies bordering on freezing of their accounts and alleged debiting of such accounts by the Federal Inland Revenue...

Firm Advocates Tax Concession for Hospitality Businesses   The Managing Director of Jumia hotel and flight services, Omolara Adagunodo, has called on the federal government to as a matter of urgency, grant tax holidays to businesses in the hospitality industry. This, according to Adagunodo, would strengthen operators...

FIRS To Auction Properties Of 52 Firms Over N3.4bn Tax Debt   The Federal Inland Revenue Service is to dispose of the properties of 52 companies over tax debts valued at about N3.4bn. Investigations by our correspondent in Abuja showed that already, the Legal Department of the...

Kogi Shuts Down MTN Facilities Over N120m Tax Default   The Kogi State Internal Revenue Service (KGIRS) has again shutdown facilities of telecommunications giant, MTN Nigeria over failure to pay tax obligations of N120 million to the government. The Kogi revenue agency had in October last year...

We'll Surpass Our N5.3trn 2018 Revenue - FIRS Boss   The Executive Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, has said that the service will this year surpass the N5.3tn revenue generated in the 2018 period. He said this during a chat with finance journalists on...

In 2018, FIRS’s Revenue Collection Cost Hit N300bn The Federal Inland Revenue Service received a total of N300bn within a three-year period covering 2016 to 2018. The figure was obtained by our correspondent from the FIRS on Monday in Abuja. The law setting up the FIRS allows...