The Federal Inland Revenue Service (FIRS) has disclosed that it generated N9.76 billion between July 2016 and April this year, through the State Offices of the Accountant-General (SAG) platform. The SAG, which was created for the states through the accountant-general’s office on July 1, 2016, is a web-based solution introduced to collect Value Added Tax, […]
The Chairman of the Joint Tax Board (JTB) and the Federal Inland Revenue Service, Mr. Tunde Fowler, has restated the imperativeness of States Revenue Services’ autonomy in view of the positive revenue generation and tax administration implications for sub national governments in the country. The Director of Communications and Servicom of the FIRS, Wahab Gbadamosi, […]
There are strong indications that the Federal Government may auction properties and other assets of individual and corporate tax defaulters anytime from now for failure to declare or pay taxes on such assets as required under the Voluntary Assets and Income Declaration Scheme (VAIDS). The deadline set by the scheme for assets and income owners […]
There are strong indications that the Nigerian Maritime Administration and Safety Agency (NIMASA) may be under investigations by the Federal Inland Revenue Service (FIRS) for suspected under-declaration of and outright failure to remit Value Added Tax (VAT) and With Holding Tax (WHT) collections. Although the figures involved have not been made public, figures being bandied […]
The Executive Chairman of the Federal Inland Revenue Service, FIRS, Mr Tunde Fowler, said yesterday that the Service generated N4 trillion in form of tax revenue last year
The Sultan of Sokoto, His Royal Eminence Muhammad Sa’ad Abubakar, yesterday charged the Federal Inland Revenue Service (FIRS) and States’ Internal Revenue Services authorities to intensify their tax education campaigns
Prof. Abiola Sanni, has said that the success of the Voluntary Assets and Income Declaration Scheme, VAIDS, will depend on the capacity of the government and the tax authorities to capture more high net-worth individuals in the country in the tax net.