The National Tax Policy Review Committee that was constituted by the Federal Government last month has recommended the merger of the Federal Inland Revenue Service and the Nigeria Customs Service.
The committee, headed by Prof. Abiola Sanni, was set up on August 10 by the...
The Federal Government has hunted down 700,000 firms that have never paid taxes as it seeks new revenue sources to offset low oil prices that have pushed the country into its first recession in more than 20 years.
The Executive Chairman, Federal Inland Revenue Service,...
The Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has said African nations can generate huge revenue from excellent tax administration, calling for autonomy of tax agencies.
Speaking to chief executives of African Tax Authorities at the African Tax Administration Forum and International Monetary...
...Chartered Institute of Taxation, Ghana honours FIRS Chairman
Five thousand Naira, (N5, 000) may seem too little to do a buffet at the Transcorp Hilton Hotel, Abuja or at Eko Hotels and Suites in Lagos.
But a tax of N5,000 is enough to save the life...
The Federation Account Allocation Committee (FAAC) shared a total sum of N691bn in the month of July representing allocation for June 2016. Of the amount N528.8bn represents Statutory allocation, N79bn represents Monetary Exchange Gain difference, N6bn for NNPC Refund to FG, N9.92bn for Solid...
By Yushau Shuaib
Media reports about invasions of business premises by the taskforce of the Federal Inland Revenue Service (FIRS) could be worrisome. The enforcement exercise by the tax compliance team in shutting down tax-defaulting companies and ordering staffs out of the premises is quite...
