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, […]
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’ […]
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 […]
Determined to plug further all forms of loopholes in the nation’s tax administration system, the Federal Government is now working on modalities to implement the Common Reporting Standards (CRS) in the banking sector.
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 Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has expressed its support for the proposed review of the petroleum industry’s Production Sharing Contracts
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, today assured taxpayers that the e-platform introduced by the service would address the current difficulty in issuance and obtaining e-Tax Clearance Certificates
West African governments, particularly Nigerian and Ghanaian authorities, are clamping down on non-compliance among business and individual taxpayers