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Tax Matters

Leadway Assurance, PricewaterhouseCoopers To Educate Public On FG’s Tax Policy

Leadway Assurance, PricewaterhouseCoopers To Educate Public On FG’s Tax Policy Leadway Assurance is set to organize a one-day seminar in partnership with consulting firm PricewaterhouseCoopers aimed at enlightening the public, especially the business community, on the current tax reform policy of the Federal Government as...

Tax: FIRS Gets N13bn From Billionaire Defaulters

Tax: FIRS Gets N13bn From Billionaire Defaulters Less than a month after it commenced its substitution of accounts of recalcitrant billionaires who have not been paying commensurate taxes, the Federal Inland Revenue Service has announced the collection of N12.66 in tax revenue from this category...

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 capital, Monday morning, as a combined task force team of the state Inter-ministerial Enforcement Unit swoop on the financial institutions...

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 in billions of naira in Nigeria and are not paying taxes, according to the FIRS Chairman, Tunde Fowler. In doing that,...

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 would sell properties built and developed in corporate names across the country on which taxes were not being paid. Fowler disclosed...

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 to enhance government’s revenue. The agency also said there was need toencourage the youth to embrace tax culture early in life. Speaking...