The Revenue Mobilisation, Allocation and Fiscal Commission(RMAFC) is saddled with the responsibility of monitoring the accruals to and disbursement of revenue from the Federation Account and reviewing from time to time, the revenue allocation formulae to ensure conformity with changing realities and also arrive...
A major financial succour came the way of newly inaugurated administration of General Muhammadu Buhari from the Nigerian Liquefied Natural Gas (NLNG) in the form of $1.6 billion tax paid to the Federal Inland Revenue Service (FIRS) last weekend.
NLNG , a joint venture between...
President-elect, Maj.-Gen. Muhammadu Buhari, has been urged to review the current revenue allocation formula for effective and sustainable national development.
President of Society of Women in Taxation (SWIT), Mrs Justina Okoror, made the call in an interview.
She said at the sidelines of the Annual Tax...
Taxpayers can now pay their taxpayers online by logging into the internet banking platform of any commercial bank in Nigeria, choosing the FIRS link and following the prompting.
This is the product of the electronic tax-pay solution, an ease of tax payment initiative of the...
The Federal Inland Revenue Service (FIRS) on Tuesday said it was putting mechanism in place to curb the challenge of tax evasion in the country to boost the revenue of government.
This mechanism, it said, would plug every loophole and put an end to the...
The Federal Government is targeting additional revenue of N480bn within the next three years from the implementation of the tax on luxury goods and other austerity measures recently announced by the Minister of Finance, Dr. Ngozi Okonjo-Iweala.
The minister had on November 16 announced the...
