Latest News Taxation

FIRS, States Rake In N9.76bn Through SAG Payment Platform

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, […]

Latest News Taxation

Again, Fowler Canvasses Autonomy For States’ Revenue Services

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, […]

Latest News Taxation

FIRS, EFCC To Track Tax Defaulters, Recover N29bn Withholding Tax/VAT

The management teams of the Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) have indicated their readiness to deepen and strengthen their collaboration to track both individuals and organisations that refused to pay the right taxes. A statement by FIRS’ Head, Communications and Servicom Department, Wahab Gbadamosi, on the agencies’ […]

Latest News Taxation

Alleged N2bn Tax Fraud: FIRS Begins NIMASA’s Investigation

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 […]