A team from the Enforcement Department of the Federal Inland Revenue Service (FIRS) has sealed the office of Punz Limited, located at the Lekki Shopping Plaza, Lagos over tax debts of N20, 066, 940. The figure is for accrued debts in company income tax and...

The Economic and Financial Crimes Commission has unveiled plans to go after multinationals involved in illicit financial flows out of Nigeria. The Acting Chairman of the commission, Ibrahim Magu, disclosed this in an interview with journalists on the sideline of a conference on the use...

The Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) are putting a new breath to the fight against tax fraud and evasion in Nigeria as the two agencies will soon launch an anti-tax fraud and evasion team. This collaboration, according...

The Federal Inland Revenue Service says it will soon introduce electronic Tax Clearance Certificate (TCC) system to help reduce fraudulent certificates. Mr Kola Okunola, Director ICT, FIRS, said this in a presentation at the ongoing training by Journalism.com Ltd., in collaboration with FIRS on Thursday...

The Federal Inland Revenue Service (FIRS) has realized the sum of N27 billion between 2013 and 2015 as part of efforts to promote voluntary compliance and shield taxpayers from the burden of carrying forward tax liabilities that arose from penalty and interest. This was disclosed...

In a country of about 180 million people, only 214 individuals pay their taxes, Federal government lamented on Thursday. It also regretted that many multinational companies evaded tax payments. The government also expressed concerned over the growing rate and the effects of deforestation in...