The Tax Appeal Tribunal, Lagos Zone, has ordered Ecobank to pay at least N1.6 billion to the Federal Inland Revenue Service (FIRS) as its company income tax for 2016.
The tribunal declared as illegal, the decision of Ecobank Nigeria Limited to pay N5.5 billion as dividends to …
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The Federal Inland Revenue Service failed to collect taxes worth about N41 billion in Lagos Nigeria, , a government audit report has said.
This is even as it has not been able to meet up with its target over the past four consecutive years, the report added.The taxes, which …
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Executive Chairman of the Federal Inland Revenue Service, Tunde Fowler, told Reuters on Wednesday that over 10 indigenous firms have applied to have their taxes halfed in order to help the country bridge its infrastructure deficit.
Fowler said this would initially cause cuts in revenue...
The Federal Government earned N39.3 billion as Value Added Tax (VAT) from banking services in the last two years, New Telegraph has learnt.
Sectoral Distribution of VAT data released by the National Bureau of Statistics (NBS) indicated that this amount was …
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The Federal Inland Revenue Service (FIRS) may generate as much as N1.3 trillion in a quarter from Value Added Tax (VAT) on all online transactions, based on the projection of the levy being kept at the present five per cent base. …
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The Economic and Financial Crimes Commission (EFCC) has resumed investigations on the members of staff of the Federal Inland Revenue Service over N1.2 billion Duty Tour Allowance (DTA) fraud.
The EFCC on Friday began a forensic analysis of the bank accounts of the FIRS staff …
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The Economic and Financial Crimes Commission (EFCC) has resumed investigations on the members of staff of the Federal Inland Revenue Service over N1.2 billion Duty Tour Allowance (DTA) fraud.
The EFCC on Friday began a forensic analysis of the bank accounts of the FIRS staff …
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Expectedly, last week’s announcement by the Minister of Finance, Mrs. Zainab Ahmed, that the Federal Government was mulling an increase in Value Added Tax (VAT), as part of an initiative to generate more revenues to finance national development, has sparked concern among stakeholders, writes...
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The Federal Inland Revenue Service has given itself a target to generate N8tn revenue in 2019. As such, it called on all taxpayers and other stakeholders to support the drive to make the target achievable. The Chairman, FIRS, Mr Tunde Fowler, …
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