FIRS Places VAT On Online Transactions From January 2020   Chairman of the Federal Inland Revenue Service, Babatunde Fowler, on Monday said that Nigerian banks would start charging Value Added Tax on local and foreign online transactions from January 2020. Fowler spoke at a technical workshop organised...

As 2018 Winds Down, FIRS Generates N5trn, Targets N5.3trn According a statement by the service, the Executive Chairman of the FIRS, Babatunde Fowler, who stated this at the induction of new members of the Joint Tax Board on Wednesday in Abuja, also disclosed that the...

FIRS, Stakeholders To Tackle Multiple Taxation   One of the major challenges confronting tax authorities in Nigeria, is how best to drag more persons into the tax net as well as how to handle the issue of multiplicity of taxes in the country. Therefore, in order to...

The Federal Inland Revenue Service (FIRS) said it has generated N2.7trn revenue from oil and non-oil sources as at September 2016 which represents 81 percent of the third quarter cumulative target of 3.12tr in the 2016 budget. The Executive Chairman of the FIRS, Mr. Babatunde...

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler has been elected as the Council Chairperson of the African Tax Administration Forum (ATAF). Mr. Tunde Fowler emerged the winner of the keenly contested election during the Forum’s 4th General Assembly meeting...