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FIRS Eyes N1.8trn Revenue from VAT

The Federal Inland Revenue Service (FIRS) is targeting N1.8 trillion Value Added Tax (VAT) collection for the 2017 fiscal year. Its Executive Chairman, Tunde Fowler, made the projection at his 2017 budget presentation to the Senate Committee on Finance during budget defence. The FIRS chief told...

FIRS, EFCC To Launch Anti-Tax Fraud Team

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...

Fowler to Ahmed- ‘Tell Your Colleagues to Give Autonomy to State Tax Authorities’

…-Kwara IGR to is N17 billion in 2016 Chairman of the Joint Tax Board (JTB), Mr. Tunde Fowler placed a call to the Kwara State Governor, Dr. AbdulFatah Ahmed: ask your colleagues to empower their State Internal Revenue Services (SIRSs) by giving them autonomy. Autonomy, Fowler...

FIRS Nets N27.086 bn From Tax Waiver Programme

…Registers 814, 000 taxpayers in 2016 The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has said that the agency realised the sum of N27.086 billion from the waiver of tax penalty and interest programme. The FIRS Chairman disclosed this in Abuja during the oversight...

FIRS Forces 700,000 Firms to Pay Tax

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,...

70% of June FAAC Allocation from Non-Oil Sector- Fowler

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,...