Freezing taxpayers’ accounts and rights of appeal
In recent times, the Nigerian government, in a quest to diversify the economy and increase tax revenue has introduced numerous measures to widen the tax base at the domestic level and internationally.
Stakeholders urge taxation review
Industry operators have called on the government to support the sector’s growth and development by collaborating with stakeholders to work out ways of streamlining the huge taxes against the sector.
Constitutionality of banks as tax collectors
The Association of Bureau De Change Operators of Nigeria recently raised an alarm over the on-going practice of banks denying their members access...
FIRS gets N13 billion from defaulting taxpayers
Less than a month into the unveiling of its account substitution policy of defaulting taxpayers, the Federal Inland Revenue Service (FIRS) has announced the collection of N12.66 billion revenue. The Executive Chairman, Tunde Fowler, disclosed this at the weekend when he received the new Minister of Finance, Hajia Zainab Ahmed, during her tour of the…
FIRS freezes 6,772 accounts, generates N3.5 trillion in eight months
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....
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…
FIRS agrees to refund $2m, other tax overpayments in Arco, GE saga
The Federal Inland Revenue Service (FIRS), has said it will refund the N360million and $2million excess withholding tax (WHT) deducted from Arco Petrochemicals Engineering Company Limited, through its business dealings with General Electric (GE) International Operations Nigeria Limited.
FG reneges on plan to stop 5% VAT in air fares
The Federal Government appears to have reneged on the plan to suspend mandatory five per cent Value Added Tax (VAT) on airfares in the country as contained in the Executive Order issued in June.
Nigeria’s thriving illegal gold mining activities and challenge of lead poisoning
In April 2015, about 28 innocent children lost their lives to the dreadful lead poisoning related ailments in Niger State, which was linked to the activities of illegal gold miners in the State.