Whistleblowing policy: FG recovers N14bn from tax evaders
Minister of Finance, Mrs. Kemi Adeosun, has revealed that the federal government has so far recovered about N13.9billion from tax evaders through the assistance of volunteers who provided tips on evading tax companies in the country.
Fowler tells governors to give state tax authorities autonomy
Chairman of the Joint Tax Board (JTB), Mr. Tunde Fowler, yesterday, called on state governors to empower State Internal Revenue Services (SIRS) by making them autonomous. Fowler made the call at the 137th Meeting of the JTB in Ilorin.This was disclosed in a statement signed by Wahab Gbadamosi, FIRS Director of Communications and Servicom.
FIRS, JTB, SMEDAN take tax awareness to SMEs
The Federal Inland Revenue Service (FIRS), Joint Tax Board (JTB) and the Small and Medium Enterprises Development Agency (SMEDAN) have sensitised Business Membership Organisations (BMOs) on tax payment and their rights as taxpayers, in a move aimed at stimulating the economy.
FIRS, EFCC partner to track tax defaulters as VAIDS ends
The Management teams of the Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) are to deepen and strengthen their collaboration to track both individuals and organisations who refuse to pay the right taxes.
FIRS chairman, Fowler lauds Osun State’s revenue drive
Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler, has commended the revenue drive of Osun State government. He made the commendation when he visited the state Governor, Rauf Aregbesola in Osogbo, the state capital. In commending the revenue process, he said it has ensured the judicious spending of taxpayers’ money in building infrastructure and…
‘Nigeria’s tax: GDP ratio remains one of the poorest in Africa’
Financial experts have lamented the country’s tax to GDP ratio, describing it as one of the poorest in Africa. The figure, which stands at just 6 per cent is significantly lower than Ghana and Egypt...
‘How VAIDS will boost tax revenue, development’
Federal Inland Revenue Service boss Babatunde Fowler spoke, in an interview, on tax issues, especially the Voluntary Assets and Income Declaration Scheme (VAIDS).
Okomu Oil cautions FIRS
The Federal Inland Revenue Service (FIRS) has been enjoined to always cross-check its records before sealing up business premises for alleged tax evasion. Okomu Oil Palm Company Plc in Ovia Local Government Area of Edo State, said this in a statement issued in Benin City by its communication officer, Mr. Fidelis Olise. The company’s managing…
VAIDS to expose tax debtors with data on property, bank accounts, shares
Minister of Finance, Mrs. Kemi Adeosun, has advised wealthy Nigerians to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) to regularize their tax status...
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…