federal inland revenue service

Less than a month after it commenced its substitution of accounts of recalcitrant billionaire taxpayers, the Federal Inland Revenue Service (FIRS) has collected N12.66 in tax revenue. The Executive Chairman, FIRS, Tunde Fowler, disclosed this at the weekend when he received the new … Read...

Minister Zainab Ahmed @ZShamsuna today, made her maiden visit to the Federal Inland Revenue Service @firsNigeria . This underscores the importance of the agency, as the administration intensifies efforts to diversify from oil and gas revenues.... Get More Nigeria Political News

The Nigerian Liquefied Natural Gas (NLNG) has remitted more than $6.5 billion in taxes to Federal Inland Revenue Service (FIRS) since 2009. Mr Tony Attah, Managing Director of NLNG, said at the investigative hearing into the proposed … Read more via NaijaBizCom.Com – https://ift.tt/2LEQYV6...

In what shows that Nigeria’s tax landscape is changing, if not rapidly, the Federal Inland Revenue Service (FIRS) has directed banks to freeze the accounts of defaulting taxpayers to prevent them from drawing funds, and lately the FIRS appointed agent banks for collection of … Read more via...

Partner and Head of Tax, Regulatory and People Service (TRPS) Practice at KPMG, Wole Obayomi, has raised concerns over the time frame given taxpayers by the Federal Inland Revenue Service (FIRS) for withholding tax reconciliation. The FIRS in its continued drive for the digitization of tax...

The Federal Inland Revenue Service, FIRS, has shut Tinapa business /leisure resort as well as Marina Resort both in the heart of Calabar, Cross River State, over alleged non-payment of tax by both organisations.... Read more via Vanguard News – https://ift.tt/2MNGX9f Get more: Nigeria...

Federal Inland Revenue Services, FIRS, has sealed off of the corporate headquarters of Transmission Company of Nigeria, TCN, over unremitted taxes.. Read more via Vanguard News – https://ift.tt/2vLxzNb Get more: Nigeria Business News

The Federal Inland Revenue Service (FIRS), has said it will refund the N360million and $2million excess withholding tax (WHT) deducted from Arco Petrochemicals Engineering Company Limited, through its business dealings with General Electric (GE) International Operations Nigeria Limited. This...

The Federal Inland Revenue Service (FIRS), has said it will refund the N360million and $2million excess withholding tax (WHT) deducted from Arco Petrochemicals Engineering Company Limited, through its business dealings with General Electric (GE) International Operations Nigeria Limited. This...

Big Brother Naija 2018 first runner-up, Cee C was today hosted by the Federal Inland Revenue Service (FIRS). Cee C and her dad were at the FIRS headquarters in Abuja where FIRS chairman, Babatunde Fowler received them. Gushing about the visit, Cee C wrote ion Instagram: … via Nigeria News...

The Federal Inland Revenue Service, FIRS, through tax collections, generated N2.11 trillion as revenue from January to July, 2017. This was announced in a progress report of the FIRS from January to July, obtained by the News Agency of Nigeria on Monday, showing the revenue performance and...

The Federal Inland Revenue Service (FIRS) says it will soon introduce electronic Tax Clearance Certificate (TCC) system to help reduce fraudulent certificates. Mr Kola Okunola, Director ICT, FIRS, said this in a presentation at the ongoing training by Journalism.com Ltd., in collaboration...

The Executive Chairman of the Federal Inland Revenue Service (FIRS) on Monday said Nigerians will soon pay Value Added Tax (VAT) before obtaining their passports. Mr Tunde Fowler said this at the 136th meeting of the Joint Tax Board which had the theme: “Increased Inter-Agency Co-operation to...

The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) on Wednesday said it had recovered N4.2 billion in remittances from collecting banks into the federation account. Mr Shettima Gana, the commission’s acting Chairman, said this while inducting the lead consultants and other...

The Federal Inland Revenue Service from Abuja stormed Rivers State on Monday and sealed off Lafarge in Onne, Port Harcourt for alleged tax evasion. The cement company was sealed for allegedly failing to pay over N10m in taxes. The leader of the FIRS team, Mrs. Ruth Mandeun, warned their...

Federal inland revenue service, FIRS has released the figures for its operations in the first half of the year. The report shows a total revenue generation through taxation in the first half of the year of about N2.43 trillion as compared to the total collection of N1.94 trillion for the...

The Federal Inland Revenue Service as part of its consolidation strategies, announced vacancies slort to engage the services of early starters with integrity, drive and desire to win professionally, to strengthen its workforce. Deadline for submission of application is six (6) weeks from the...

The Federal Inland Revenue Service (FIRS) is undergoing a fresh restructuring that will replace the current tax controllers, heads of audit, heads of government tax offices and zonal coordinators. Sources at tax office told Daily Trust that the reorganisation, approved by the new chairman...

What is Withholding Tax? Withholding Tax (WHT) is an advance payment of income tax. What is the Rate of Withholding Tax for companies and individuals on transactions? There are varying rates of WHT ranging from 2.5% to 10% for companies and 5% to 10% for individuals depending on the...

What is P. A. Y. E? P. A. Y. E. is an acronym for “Pay As You Earn”. It is a method of collecting personal income tax from employee`s salaries and wages through deduction at source by an employer as provided by the relevant sections of Personal Income Tax Act (PITA). (S.81 of Personal Income Tax...