firs

The Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, said the Service collected N4.03 trillion revenue in 2017. A statement by the Head, Communications and Servicom, FIRS, Mr. Wahab Gbadamosi, on Wednesday in Abuja, said Fowler made this known when he led a delegation to the...

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 Federal Inland Revenue System, FIRS, has announced that Nigerians would start paying Value added tax before they are issued international passports. “We did take a position and I believe it would be implemented in the very near future that before you get any services from the immigration...

The Federal Inland Revenue Service said it had registered about 700,000 new corporate taxpayers in the last one year in a bid to widen the tax net and boost government revenue. The Executive Chairman, FIRS, Mr. Tunde Fowler, stated these at the African Tax Administration Forum and International...

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 (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...

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...

Linda Ikeji has taken to Instagram to comment on her alleged troubles with the FIRS. READ: Linda Ikeji in Trouble with FIRS Over N75m Tax Evasion,Denies Banana Island Mansion [THE CAPITAL] She wrote: ''Home chilling! For the record: the FIRS report is false. The house is 1000% mine. They keep...

The Senate Committee on Finance, yesterday rejected the idea by the Federal Inland Revenue Service FIRS to appropriate the sum of N1.6 billion as welfare package for its new retirees in 2016. The FIRS justified the idea by stating that the they are having an annual event to recognize its...

Do you have a legitimate Tax Refund to claim from the Federal Inland Revenue Service? Below are processes and requirements for claiming your tax refund in a timely manner: 1. Address your application to: The Executive Chairman Federal Inland Revenue Service (FIRS) Revenue House 20 Sokode...

Three key government agencies in the country, the CBN, Nigerian Postal Service and the Federal Inland Revenue Service, have clashed over the new N50 stamp duty recently reintroduced to the banking industry by the CBN. Central issues in contention are the account where the money realised from...

A deputy director at a regional FIRS tax office, Abumere Joseph Osagie, has been arrested by the EFCC in a case of abuse of office and bribery. "Osagie and one Jamila Ojora had on January 27, 2016 allegedly approached Senator Ahmed Datti, the Chancellor of Baze University, Abuja and gave him a...

The Lagos State Internal Revenue Service (LIRS) has sealed six companies for failure to remit N18.73 million personal income taxes of their workers to the state government on Wednesday. The Assistant Head of Distrain Unit of the LIRS, Mrs Oluwalomona Ekosanmi, disclosed this to the News...