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...

The Federal Inland Revenue Service (FIRS) has commended the Nigerian National Petroleum Corporation (NNPC) for subjecting itself to tax audit as a good responsible corporate citizen. Chairman of FIRS, Mr. Tunde Fowler gave this commendation when he received the Group Managing Director of the NNPC,...

The federal government’s plan to raise N4.2trillion ($14.3 billion) revenue set in the 2016 budget from its revenue agencies may not materialise, as the Nigeria Customs Service (NCS) has failed to meet the target set for it by the government. Just like most other government...

The Federal Inland Revenue Service has sealed the premises of two firms operating in Abuja for failing to pay their tax liabilities amounting to N100.85m Eurobond Construction Company Limited, according to the FIRS, had an outstanding tax liability of N70.9m for 2014 and 2015, while...

The Chairman, Joint Tax Board, JTB and Executive Chairman, Federal Inland Revenue Service, FIRS Mr. Tunde Fowler has said that 70 percent of over N500 billion raised for the Federal Accounts Allocation Committee, FAAC, in June came from non-oil sector. Hear him, “of the sum,...

Three major revenue collecting agencies of the federal government have shared a total of N142.6 billion between June 2015 and May 2016. This is the cost of revenue collected by the Nigeria Customs Service (NCS), the Federal Inland Revenue Service (FIRS) and the Department...