FG Defaults On VAT Waiver For Domestic Airlines More than one year after the pronouncement for Value Added Tax (VAT) to be removed from air transport, the Federal Government has failed to implement the order. Findings by our correspondent showed that domestic airlines still pay VAT,...

FG Targets 75% Non-oil Sector Revenue In 3 Years   The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has projected that in the next three years, Nigeria’s non-oil revenue will be at about 75 per cent. He also anticipated that within same period, the...

FIRS Earmarks N825m For Refreshment, N160m For 850 Drivers’ Uniforms Federal Inland Revenue Service (FIRS) The National Assembly Joint Committee has raised concern over Federal Inland Revenue Service’s 2019 projected estimate of non oil revenue tax collection of N146.54 billion. The co-chairman of the committee, Sen....

FIRS Is Committed To Eliminating Multiple Taxation - Fowler   The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has restated the agency’s commitment to eliminating multiple taxation in the country. Fowler said this at a tax breakfast seminar with the theme: “Tax Controversy and...

FIRS Seeks CBN Support To Track VAT Paid By Foreign Entities The Federal Inland Revenue Service is seeking the support of the Central Bank of Nigeria to track payment of Value Added Tax made electronically by foreign entities that are not registered in Nigeria. The agency...

Mega Federal Account Allocations: How FG, States, LGcs Shared N8tr in 2018 ... FG Got N3.4tr, States/LGs N4.5tr ... Richest: Delta N285bn, Lagos N260bn, Kano N188bn  ... Poorest: Kwara N81bn, Ebonyi, Gombe N76bn each A new report by the Economic Confidential has disclosed that the Federal Government,...