Federal Inland Revenue Service
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.
Nigeria needs new strategies to grow local technology, says Ibrahim
Dr. Dan-Azumi Mohammed Ibrahim is the Director-General the National Office for Technology Acquisition and Promotion (NOTAP), one of the 17 parastatals under the Federal Ministry of Science and Technology.
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.
Tax debt: FIRS shuts more firms in Lagos, Abuja
The Federal Inland Revenue Service (FIRS) continued its tax compliance drive in Lagos State and Abuja on Wednesday, shutting the premises of defaulting companies.
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...
Government must tax ‘untouchable businessmen,’ say stakeholders
It should not be business as usual for the 20 per cent of the nation’s population that control 80 per cent of the common wealth when tax administration issues are brought...
Synopsis of Value Added Tax Administration in Nigeria
Value Added Tax (VAT) is a tax levied on goods and services consumed. It is an indirect tax wherein the burden of the payment is borne by the final consumer of the goods and services.