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Non-Oil Contribution To Tax Revenue Hits 90% – FIRS

The Federal Inland Revenue Service (FIRS) on Thursday stated that non-oil tax receipts had consistently contributed 75% to 90% of total tax collections over the past few months. The FIRS Director, Communications and Liaison Department, Dr. Abdullahi Ahmad, quoted the Executive Chairman of the service, Mallam Muhammad Nami, as disclosing this during a courtesy call […]

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Ghana Revenue Authority Optimistic On Surpassing ¢42Bn Target

Ghana Revenue Authority (GRA) on Monday assured the fiscal authorities of its determination to meet its ¢42 billion revised revenue target for the 2020 financial year, despite the huge constraints the COVID-19 pandemic posed to businesses in the country. At the end of last month, the country had realised about ¢26 billion from domestic tax […]

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Customs Service Generates N976.6Bn In Half Year 2020

The Nigeria Customs Service, NCS, has reported that it generated a total sum of N976.6 billion intothe Federation Account between January and August 2020. The disclosure, which was made public in a document released by the Service’s Public Relations Office, indicated that the larger chunks of the revenue collected were from import duty and Value […]

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MDAs Failed To Remit N1.2Trn To Govt Coffers – FRC

The Fiscal Responsibility Commission has disclosed that most ministries, departments and agencies of government failed to remit about N1.2 trillion to to the Consolidated Revenue Funds of the Federal Government as required by law and fiscal regulations. The Acting Chairman of the commission, Barrister Victor Muruako, who gave this hint on Monday, explained that the […]

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Cross River Govt sets up special tax courts

The Executive Chairman of Cross River State Anti Tax Agency, Bishop Emma Isong, on Wednesday disclosed that the state government had established four “special” mobile courts to prosecute illegal tax collectors at all levels in the state Isong made the disclosure at a one-day Stakeholders’ meeting/workshop on “Anti-Tax Agency: Justification and a way Forward” held […]

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Lawan Accuses Revenue Agencies Of Non-Remittance, As Buhari Orders Cost Reduction

The President of the Senate, Senator Ahmad Lawan, has accused most revenue generating agencies in the country of failing to remit their funds  to the Federation Account as and when due, warning that such fiscal abuse will no longer be tolerated. Lawan who accused the revenue agencies of some lapses while speaking at the third […]

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FIRS Rakes In N4Trn In 9 Months, Seeks Jail Term For Tax Evaders

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has told federal legislators that the tax collection agency generated about N4.012 trillion from January-September this year, representing 60.77 percent of the N8.8 trillion target this year. Fowler made the disclosure when he appeared before the Senate Committee on Appropriations that the […]

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Immigration Service Remits Over N11.682Bn, $22,972 In 8 Months – CG

The Comptroller General (CG)of Nigeria Immigration Service (NIS), Muhammad Babandede, disclosed on Thursday that the Service had remitted the sums of N11,682,009,761 and $22,972.38 into the Federation Account as revenues collected from January to August this year. The Comptroller General made this disclosure at the Service’s annual workshop with the theme ‘Migration Management in a […]

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Why We Opened Non-Residents’ Tax Office – Fowler

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has said that the establishment of Non-Resident Persons’ Tax Office (NRPTO) is intended to ease tax assessment and payment of taxes by non-resident persons in the country. Specifically, the FIRS boss noted that the “devotion of attention to this segment of taxpayers […]