Buhari Summons Fowler Over Tax Under Remittance President Muhammadu Buhari has summoned the Executive Chairman of the Federal Inland Revenue Service(FIRS) Mr Babatunde Fowler to the Presidential Villa Monday August 19 to explain discrepancies  and underremittance of tax revenue between 2015 and 2018, Economic Confidential...

FIRS Sets Deadline For VAT Remittance The Federal Inland Revenue Service has said all companies must remit value-added tax and withholding tax by the 21st day of every month. It disclosed this in a public notice on Wednesday signed by its Chairman, Mr Babatunde Fowler, noting...

Tax Dispute: MTN Engages KPMG To Tackle FIRS MTN has engaged the services of the KPMG to handle the demand for the payment of tax on the N330bn ($1.1bn) fine it paid to the government, investigation has shown. The company had confirmed having a technical disagreement...

NNPC To Assist FIRS, DPR Recover Unpaid Taxes, Others From IOCs The Nigerian National Petroleum Corporation (NNPC) has offered to help the Department of Petroleum Resources (DPR) and Federal Inland Revenue Service (FIRS) collect unpaid taxes and royalties from oil companies, including those on Joint...

Reconstituted NTPIC Will Boost Non-oil Revenue - Fowler   The Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has declared that the reconstitution of the National Tax Policy Implementation Committee (NTPIC), will lead to a boost in the country’s non-oil revenue. Fowler made the declaration yesterday, at...

FG Clears N33.13bn PAYE Liabilities   The Federal Inland Revenue Service has said that the Federal Government has cleared N33.13bn outstanding PAYE tax liabilities owed by Federal Ministries, Departments and Agencies to states from 2002 to 2016, in the South-West region. The chairman, Joint Tax Board, Mr...