federal inland revenue service

  1. curator

    Business Firs shuts down Tinapa over alleged tax evasion – Vanguard News

    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...
  2. curator

    Business FIRS seals off TCN over tax default – Vanguard News

    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
  3. curator

    Business FIRS agrees to refund $2m, other tax overpayments in Arco, GE saga – NaijaBizCom.Com

    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...
  4. curator

    Business FIRS agrees to refund $2m, other tax overpayments in Arco, GE saga – The Guardian Nigeria Newspaper

    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...
  5. E

    #BBNaija: FIRS hosts Cee C and her dad (photos) – Nigeria News | Laila’s Blog

    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...
  6. RemmyAlex

    Business FIRS Generates N2.11 Trillion in 7 months

    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...
  7. RemmyAlex

    Business FIRS To Introduce Electronic Tax Clearance Certificate

    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...
  8. RemmyAlex

    Business FIRS Introduces VAT on International Passports

    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...
  9. RemmyAlex

    Business FG Recovers N4.2Bn From Collecting Banks

    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...
  10. RemmyAlex

    Business FIRS Shuts Lafarge Cement Company in Port Harcourt

    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...
  11. RemmyAlex

    Business FIRS Records N2.13 Trn Taxes in Half Year Report

    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...
  12. RemmyAlex

    Business Federal Inland Revenue Service, FIRS Announces Recruitment

    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...
  13. RemmyAlex

    Business FIRS Boss, Fowler Restructures, Changes Tax Controllers, Auditors

    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...
  14. Samguine

    Nigerian Tax System: Withholding Tax (WHT) - 6 Things You Should Know

    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...
  15. Samguine

    Nigerian Tax System: PAYE, Tax Evasion And Other Important Things You Should Know

    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...
  16. RemmyAlex

    Business FIRS Shuts 4 Companies In Lagos Over N2.6Bn Tax Debt

    The Federal Inland Revenue Service (FIRS) yesterday sealed the offices of construction giant Costain West Africa Plc, First Deepwater Discovery Limited, CAT Construction Group Limited and OPI International Limited, all in Lagos. Costain West Africa Plc alone is alleged to be owing N2bn in...
  17. Temitope

    Business Consultants Would Be Engaged For Data Gathering, Not Tax Collection- FIRS Boss

    The Acting Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler, has said he would not use consultants to collect taxes as being practiced by some state governments, rather, they are to help in data gathering which is more than what the staff of the tax authority can handle. He made...
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