The Federal Government raked in over N40 billion from Value Added Tax (VAT) source in the first half of the current financial year. This disclosure was said to have been made by the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, during the meeting of the National Economic Council (NEC), presided over by […]
The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday mulled the idea that new targets should be set for Chief Executive Officers (CEOs) of federal revenue agencies and that performance should be used as a criterion to guarantee their tenures. The minister proposed this at the launch of the template for calculating operating surplus by […]
The Federal Inland Revenue Service (FIRS) today disclosed that it generated a total of N2, 529,615,174,601.25 from various taxes from January to June this year. A statement issued by the Director, Information of the Federal Ministry of Finance, Mr. Hassan Dodo, indicated that the amount represented 75 percent of the target set for the Service this year […]
The Chairman, Federal Inland Revenue Services (FIRS), Babatunde Fowler, on Wednesday said that tax defaulters who failed to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) amnesty, would pay the outstanding taxes with interests and penalties. He gave this hint during his interaction with State House correspondents after a session with the […]
The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, today disclosed that N30 billion had been recovered under the Voluntary Assets and Income Declaration Scheme (VAIDS) from individuals and organizations so far. Fowler, who gave this hint at the unveiling of the VAIDS Declaration Certificate in Abuja, projected that if the required support […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler, has disclosed that only N20 billion is generated so far out of the targeted N305 billion from the implementation of Voluntary Asset Income Declaration Scheme (VAIDS).