federal inland revenue service news

  1. Nigeria Metro News

    Metro FIRS: Nigeria loses $15bn to tax evasion annually – Newtelegraph

    Nigeria is losing about $15 billion annually to tax evasion, Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has said. Fowler spoke yesterday as global tax experts converged on Abuja to find solution to offshore.... Read more via Newtelegraph –...
  2. Nigeria Business News

    Business FIRS: Tunde Fowler dragged to court, asked to vacate office, return salaries – Daily Post Nigeria

    A Federal High Court sitting in Kano State has ordered the appearance of the Chairman Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler before it on October 7, 2019 to show cause why he should not be sacked for overstaying his tenure.... Read more via Daily Post Nigeria –...
  3. Nigeria Sports News

    Business What You Need To Know About Proposed VAT Increase From 5% – 7.5% – Naijaloaded

    After 26 years, the Federal Government has made the proposal to increase the rate of Value Added Tax (VAT) from five per cent to seven point five per cent with effect from..... Read more via Naijaloaded – https://ift.tt/30r9DuG Get More Nigeria Business News
  4. Nigeria Business News

    Business Paying VAT on online transactions for VATable items is the law — FIRS Chairman – Techpoint.Africa

    A few weeks ago, a report revealing plans by the Federal Inland Revenue Service (FIRS) to begin charging 5% value-added tax (VAT) on online transactions by early 2020, was published by Premium Times.... Read more via Techpoint.Africa – https://ift.tt/2PihQRJ Get more: Nigeria Business News
  5. Nigeria Metro News

    Metro Fowler replies Buhari, explains low tax revenue – Premium Times Nigeria

    The chief executive of Federal Inland Revenue Service, FIRS, Tunde Fowler, has replied the query issued him by the presidency. While Mr Fowler agreed that actual tax collection since the.... Read more via Premium Times Nigeria – https://ift.tt/2ZcY5Pk Get More Nigeria Metro News
  6. Nigeria Business News

    Business Commission recovers, remits N49b tax money – The Guardian Nigeria News

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) yesterday said it had recovered and remitted into the Federation Account N48.7 billion collected as taxes on behalf of the.... Read more via The Guardian Nigeria News – http://bit.ly/2KyFINW Get more: Nigeria Business News
  7. Nigeria Business News

    Business FIRS in N2bn lawsuit over alleged illegal shutdown of company – The Guardian Nigeria News

    Mr Bharat Vora, a Plaintiff, on Monday prayed a Federal High Court in Abuja to award him N2 billion against the Federal Inland Revenue Service (FIRS) for shutting his business. Vora, the Managing Director of Mutunci Company Nig. Ltd., also asked … Read more via The Guardian Nigeria News –...
  8. Nigeria Business News

    Business FIRS refutes report of 50% VAT increase – TODAY.NG

    The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage. The Head, Communication and Servicom Department, Mr Wahab Gbadamosi, made this known in a statement …...
  9. Nigeria Business News

    Business FIRS: Baring fangs on tax defaulters – Newtelegraph

    The year 2019 could be tough for tax defaulting companies in the country as the Federal Inland Revenue Service (FIRS) seems to have decided to intensify its revenue drive this year, writes Tony Chukwunyem At the opening of the 2019 Federal Inland Revenue Service … Read more via...
  10. Nigeria Business News

    Business How Nigeria generated an all time high tax revenue in 2018 – Nairametrics

    Nigeria’s Federal Inland Revenue Service, FIRS, last year collected some N5.320 trillion worth of tax revenue, according to a disclosure made by the agency’s Chairman, Mr Babatunde Fowler. Mr Fowler made this disclosure yesterday in Lagos during a FIRS stakeholders’ retreat. According to him...
  11. M

    Metro Fraud: MDAs to authenticate tax certificates before payment – Adeosun – The Sun News

    In line with its anti-graft efforts, the Federal Government has mandated all Ministries, Departments and Agencies of government (MDAs) and the Federal Inland Revenue Service (FIRS) to authenticate all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public...
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