federal inland revenue service

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 … Read more...

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 … Read more via...

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 … Read more via Newtelegraph –...

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. … Read more via Thisdaylive – https://ift.tt/325P8VE Get more...

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 … Read more via...

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 … Read more via...

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...

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, … Read more via Naijaloaded | Nigeria’s Most...

The Committee for the Protection of Peoples Mandate (CPPM), an activist group, has demanded that the Federal Inland Revenue Service (FIRS) produce tax receipts belonging to Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP). In a letter sent to the FIRS dated November...

The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has been re-elected as Council Chairman of the African Tax Administration Forum (ATAF) for a fresh two-year term.... Read more via TODAY.NG – https://ift.tt/2qccmc3 Get more: Nigeria Business News

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...