Federal Inland Revenue Service
FIRS freezes 6,772 accounts, generates N3.5 trillion
The Federal Inland Revenue Service (FIRS) has said it generated N3.5 trillion for Federal Government between the months of January and September 2018. The Executive Chairman, FIRS, Tunde Fowler, who disclosed this in Lagos, during a stakeholders meeting, said the amount generated was N1trillion higher than the revenue it recorded in the corresponding period…
States owe FIRS N41bn tax – NEC
The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS) N41 billion in Value Added Tax (VAT). Gov. Badaru Abubakar of Jigawa State, disclosed this while briefing State House Correspondents shortly after NEC meeting presided over by the Acting President, Prof. Yemi Osinbajo, on Thursday in Abuja. He said that…
How FIRS attained N4 trillion revenue target in 2017, by Fowler
The Federal Inland Revenue Service (FIRS) has said it broke boundaries in 2017, notwithstanding the country’s slow activities and exit from recession, to achieve a record N4 trillion in tax revenue collections. The Chairman of FIRS, Babatunde Fowler, said this during a courtesy visit of the agency, the members of the Senate Committee on Finance…
‘FIRS generated N4 trillion taxes in 2017’
The Federal Inland Revenue Service (FIRS) collected record N4 trillion taxes last year, representing 82.38 per cent of government set target of N4.89 trillion. The FIRS Chairman, Mr. Babatunde Fowler, disclosed this yesterday during a visit by the members of the Senate and House of Representatives Finance Committees to the palace of the Oba of…
Telcoms’s VAT calls’ audit job was in national interest, at no cost, Fowler tells lawmakers
The Chairman, Federal Inland Revenue Service, (FIRS) Mr. Tunde Fowler, has dismissed as fantasy, the claim that it awarded huge contracts to a young company, Active Solution Integrated Synergy, without following procurement process.
FIRS; simplifying tax compliance through ICT initiatives
In June 2016, the Federal Government of Nigeria allocated over N500 billion among the three tiers of government. This is the first time this year that such an amount of money has been allocated by the Federation Accounts Allocation Committee (FAAC).
A few slices from the fiscal cake
After a prolonged tug of war between the Senate and the Presidency, Nigeria’s N6trn budget for this year was signed into law in May. The budget shows retained revenue projected at N3.86trn, resulting in an assumed deficit of N2.2trn.
How we raised N500b tax revenue for FAAC in June, by FIRS boss, Fowler
Chairman, Joint Tax Board (JTB) and Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has explained how the Federal Government raised over N500 billion allocated by the Federal Accounts Allocation Committee (FAAC) in June.
Revolutionising tax for Nigeria’s development
Tax potentials in the country are under-utilised, with several challenges besetting collection, assessment and the enlisting of eligible payers...