The Federal Inland Revenue Service (FIRS) has said that it generated N778.19 billion revenue in the first quarter of 2017.
This is according to a progress report by the FIRS sent to the Federal Ministry of Finance which showed the revenue performance for the first...
The Minister of Finance, Mrs. Kemi Adeosun, has said that the nation’s tax to Gross Domestic Product ratio, which is currently put at six per cent, is one of the lowest in the world.
She said with such a ratio, which is less than the...
Finance Minister Kemi Adeosun, met with fellow Finance Ministers at a meeting convened by the G24 Group to discuss strategies to drive non-oil revenue growth and achieve inclusive growth.
Speaking after the meetings, the Minister said: “Revenue mobilization is critical to the success of Nigeria’s...
The International Monetary Fund (IMF) says 66 percent of Nigeria’s tax revenues is spent on servicing debts, calling on the country to raise taxes.
Speaking at the IMF Fiscal Monitor briefing in Washington, Vitor Gaspar, director of the fund’s Fiscal Affairs department, said he is...
The Federal Inland Revenue Service says it will soon introduce electronic Tax Clearance Certificate (TCC) system to help reduce fraudulent certificates.
Mr Kola Okunola, Director ICT, FIRS, said this in a presentation at the ongoing training by Journalism.com Ltd., in collaboration with FIRS on Thursday...
The Federal Inland Revenue Service (FIRS) has realized the sum of N27 billion between 2013 and 2015 as part of efforts to promote voluntary compliance and shield taxpayers from the burden of carrying forward tax liabilities that arose from penalty and interest.
This was disclosed...
