federal inland revenue service (firs)

Mrs Zainab Ahmed, the Minister of Finance, Budget and National Planning has disclosed that the implementation of Value Added Tax (VAT) increase from five per cent to 7.5 per cent will take effect from Feb. 1. Ahmed said this during the inauguration of the Chairman and Board … Read more via...

The Federal Inland Revenue Service (FIRS), Tuesday, served a 7-day notice to tax defaulters, with a warning that it will soon begin a nationwide tax enforcement to bring defaulters to book. The notice was contained in a statement signed by Wahab Gbadamosi, FIRS’ Head of Communication and...

The Federal Inland Revenue Service (FIRS) has served a seven-day notice to tax defaulters across the country. The Head, Communications and Servicom Department, Mr Wahab Gbadamosi, made this known in a statement in Abuja on Tuesday. Gbadamosi said the Acting Executive Chairman of FIRS, Mr...

Femi Fani-Kayode has reacted to the sack of Tunde Fowler as Chairman, Federal Inland Revenue Service, FIRS, by President Muhammadu Buhari on Monday. Buhari had announced Muhammad Nami, as Fowler’s successor and has forwarded his name to the Senate for approval.... Read more via Welcome To...

Nigeria’s value added tax (VAT) collection grew by 34 per cent between 2016 and 2018 from N828 billion to N1.108 trillion, according to the Federal Inland Revenue Service (FIRS). In a presentation by coordinating director, Domestic Taxes Group, FIRS, Mr Abiodun Aina, at the Chartered Institute...

The Federal Inland Revenue Service (FIRS), has raked in N97.7 billion from tax defaulters since it directed banks to put a lien on their accounts, its Executive Chairman, Mr Tunde Fowler, said on Wednesday in Abuja.... Read more via P.M. News – https://ift.tt/31pKv9j Get more: Nigeria...

Chairman of the Federal Inland Revenue Service (FIRS) Tunde Fowler, has responded to the query issued him by the Chief of Staff to the President, Abba Kyari, regarding the low tax collection in the last three years he has held sway.... Read more via The Guardian Nigeria News – Nigeria and...

A memo, purportedly written from the office of the Chief of Staff to the President Abba Kyari to the Chairman of the FIRS, Babatunde Fowler circulated around social media on Sunday. ... Read more via Nairametrics – https://ift.tt/2ZbvxSm Get More Nigeria Metro News

The Federal Inland Revenue Service (FIRS), has taken the Midwestern Oil and Gas Company Limited to a Federal High Court, Lagos over failure to pay the outstanding tax liability due to the Federal government in the … Read more via The Guardian Nigeria News – Nigeria and World News –...

Mr Babatunde Fowler, Chairman, Joint Tax Board (JTB) and Federal Inland Revenue Service (FIRS), explains how the new tax identification number registration system, scheduled for launch tomorrow, will bring convenience to the taxpayer, boost tax compliance and revenue collection Chairman of the...

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has expressed confidence that the revenue agency will surpass N5.32 trillion revenue collection in 2019. While presenting a paper titled “The imperatives of regulatory processes, procedures, and...

The Federal Inland Revenue Service will start taking Value Added Tax on online transactions any moment from now according to its chairman, Babatunde Fowler. Mr Fowler mentioned this during an interview he had with the News Agency of Nigeria in New York on Saturday. He stated that banks …...

The Federal Inland Revenue Service (FIRS) plans to generate about N750 billion from about 55,000 millionaire tax debtors. This target will be achieved with the bank accounts substitution exercise. Amount collected so far: The FIRS Executive Chairman, Tunde Fowler, said the service has already...

The Federal Government of Nigeria received the sum of $6.3 billion from Shell Petroleum Development Company of Nigeria Limited (SPDC) and Shell Nigeria Exploration and Production Company Limited (SNEPCo) in 2018. The money, which was paid to the Nigerian National Petroleum Corporation (NNPC)...

The Executive Chairman of Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, yesterday disclosed that the agency has set a target to realise about N750 billion from about 55,000 defaulting taxpayers. This … Read more via Thisdaylive – https://ift.tt/2uJll6G Get More Nigeria Metro News

The Federal Inland Revenue Service (FIRS) said it generated N12.62 trillion revenue from tax in the last three years. FIRS said this in a document on its achievements, a copy of which was made available to the News Agency of Nigeria (NAN) by the Head, Communications … Read more via...

Federal Inland Revenue Service (FIRS) has appointed Sterling Bank Plc as a collecting agent to recover taxes from 2,933 defaulting companies. Chairman, FIRS, Tunde Fowler disclosed. In a letter addressed to the Managing Director/Chief Executive Officer, Sterling Bank, Abubakar Suleiman...

All is set for Federal Inland Revenue Service (FIRS) to dispose properties of 52 companies over tax defaults valued at about N3.4 billion. Though, FIRS’ Legal Department was said to have already begun the process of selling these properties. It was learnt that apart from the 52 companies, 10...

Federal Inland Revenue Service (FIRS) has revealed it plans to collaborate with Nigeria Police Force (NPF) and other stakeholders to ensure payment of tax by millionaire defaulters in 2019. Tunde Fowler, FIRS Executive Chairman, said the Service is going after no fewer than 85,000 millionaires...

The Federal Inland Revenue Service (FIRS) in collaboration with other stakeholders such as the Nigeria Police Force, will continue to go after wealthy tax defaulters in 2019, the Service Executive Chairman, Tunde Fowler, has said..... Read more via Newtelegraph – http://bit.ly/2SnzGnK Get...