FAAC To Probe N90bn Revenue Underpayment By FIRS   The Federation Account Allocation Committee has expressed its readiness to probe the N90bn allegedly underpaid into the Federation Account by the Federal Inland Revenue Service. The Chairman, Commissioners’ Forum of FAAC, Mahmood Yunusa, said this in a chat...

19 Firms Sealed By FIRS Over Unpaid Taxes     The Federal Inland Revenue Service has sealed 19 companies over their alleged failure to fulfill their tax obligations. In Lagos, the FIRS enforcement team on Wednesday sealed the premises of Seabulk Offshore Operations Nigeria Limited at 11A, Grace...

JTB Eyes 40million Individuals Outside Tax Net The Chairman, Joint Tax Board (JTB), Mr. Babatunde Fowler, says the board is set to capture 40 million Nigerians outside its tax net by March, next year. Fowler, who is also the Chairman, Federal Inland Revenue Service(FIRS) gave the...

The Federal Inland Revenue Service said in Abuja that less than 15 million Nigerians are paying taxes. The Chairman, Joint Tax Board, Mr. Babatunde Fowler, who stated this, said that a large percentage of Nigerians were defaulting in tax remittances to the Federal Government. He spoke...

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...

Trafigura Beheer B.V, a Swiss-based oil firm  has urged the Tax Appeal Tribunal(TAT) to declare that a company not registered in Nigeria cannot file tax returns to the Federal Inland Revenue Service (FIRS). The company stated this in its appeal challenging the demand for payment...