The Nigeria Customs Service (NCS) and the Joint Tax Board (JTB) have signed a Memorandum on Understanding (MoU) aimed at strengthening their collaboration in the current drive by the fiscal authorities to enhance tax administration at all tiers of government in the country. The deal was sequel to an earlier meeting held on the 16 […]
The Joint Tax Board (JTB) and the Nigeria Customs Service (NCS) chiefs met on Tuesday in furtherance of their drive to enhance tax administration and by so doing improved revenue collections for national development. The Executive Secretary of the JTB, Mr. Olusegun Adesokan, who paid a visit to the Comptroller-General of Customs, Bashir Adewale Adeniyi, […]
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, on Monday flawed the current tax system in view of its multi-dimensional loopholes, especially for its multiplicity and other administrative incoherence, describing it as one of the militating factors responsible for under-performance of businesses and the nation’s economy. Oyedele, who […]
For Nigeria to attain optimum tax revenue collection capacity at all levels of government, tax authorities in the country must make hard but necessary reforms that would yield long term benefits, the Executive Chairman of the Joint Tax Board (JTB), Mr. Muhammad Nami, has said. Nami, who is also the Executive Chairman of the Federal […]
The Federal Inland Revenue Service (FIRS) has partnered the Market Traders Association of Nigeria (MATAN) to ensure improved Value Added Tax (VAT) collection and remittance, especially in the informal sector, to it from markets across the country,. The association, which membership is drawn from over 40 million traders across the 774 local government councils, is […]
Following the lapsing of the amnesty provided by the Voluntary Assets and Income Declaration Scheme (VAIDS) set up by the Federal Government of Nigeria through the Federal Ministry of Finance, the Joint Tax Board (JTB) in collaboration with the Federal Inland Revenue Service (FIRS), have indicated their readiness to immediately commence a “full scale enforcement […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, was on Friday elected by the 47 member countries of the Commonwealth Association of Tax Administrators (CATA) as the association’s 15th President for a three-year tenure. A renowned tax administrator, the newly elected President of CATA brings in decades of experience in taxation […]
The Federal Ministry of Transportation has said that revenue collection by state and local government agents along federal highways is illegal and called on the law enforcement agents to halt the practice. The position of the ministry on collection of revenues on federal highways, through erection of road blocks by the sub-national governments agents, was […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, on Wednesday disclosed that the revenue agency had generated N5 trillion as at the second week of December 2018. Fowler who gave this hint in a statement projected that the Service would have raised its revenue collections to about N5.3 trillion. He […]
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler on Monday hinted that country’s taxpayer roll would soon rise to 33 million. Fowler, who is also the Chairman of Joint Tax Board (JTB) made this disclosure at the opening session of the 142nd meeting of the JTB on Monday in Bauchi. According to […]