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.
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.
Poor book-keeping threatening fight against corruption, says Auditor-General
Poor book keeping, particularly in the oil sector, in the areas of management of generated revenue and general expenditure, is a major challenge in the fight against corruption in public finance...
FIRS makes N2.5trn in six months
The Federal Inland Revenue Services (FIRS) said it realised over N2.5 trillion from collecting various taxes from January to June 2018.
Nigeria’s country by country reporting regulations – what you need to know
The Regulations require Multinational Enterprises (MNEs) that are headquartered in Nigeria to prepare and submit annual CbCRs which summarise the global financial and tax information of all members of the group to the Federal Inland Revenue Service (FIRS).
FIRS seals two firms over N72.558 million tax debt
The Federal Inland Revenue Service (FIRS), yesterday in Lagos sealed off the premises of two companies for their failure to pay taxes.
NITDA says MDAs work in Silos, neglect eGovernment
Ministries, Departments and Agencies (MDAs) of government in the country are operating in silos, thereby making nonsense of e-government policy...