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…
Group want National Assembly to investigate FIRS over employment scam
The Kebbi State Youth Vanguard for President Buhari has made a passionate appeal to the National Assembly to investigate some job advertisements that was placed by the Federal Inland Revenue Service (FIRS) in some newspapers last year.
FIRS may auction over 2000 seized properties to recover tax liabilities
With more than 2000 highbrow business plazas and other identified properties currently sealed and under temporary seizure for tax default for several years, the Federal Inland Revenue Service [FIRS] has stated that the properties may be auctioned to recover the tax liabilities standing against them if the owners fail to regularize their tax position.
How data drives government’s voluntary assets, income declaration - Adeosun
We started the programme on July 1; it’s a nine-month programme. So, as we speak, there are still four months to go, and there is enough time for anyone that really wants to comply to pick up the form.
More on the ‘modified’ pioneer status law
Criticising the Nigerian government, as I do very often, is an easy job - all you have to do is wake up in the morning and the government is guaranteed...
FIRS seals companies In Lagos, Port Harcourt
The Federal Inland Revenue (FIRS) has shut down tax-defaulting companies in Lagos and Port Harcourt, the Rivers State capital. Affected by the enforcement exercise led by Mrs. Anita Erinne...
Reps query CBN, others over alleged missing $60b tax revenue
Members of the House of Representatives Committee on Public Petitions yesterday resolved to investigate alleged missing of $60.3 billion petroleum profit tax (PPT) and royalty revenues in the Central Bank of Nigeria (CBN).