State gaming regulators kick against VAT, explain operations
State gaming regulators have called for a better understanding of their operations, unity of processes and licensing, especially from the lens of the National Lottery Regulatory Commission (NLRC).
Constitutionality of appointing banks as collecting agents for FIRS
The Federal Inland Revenue Service has intensified its drive to recover outstanding tax liabilities from taxpayers in default of tax obligations.
NFIU lauds FIRS on tax reforms
Chief Executive Officer of the Nigeria Financial Intelligence Unit (NFIU), Modibbo Hamman Tukur, has commended the Federal Inland Revenue Service (FIRS) for revolutionising tax administration in the country.
When Malami decided to be Fowler
Very often when the word ‘impunity’ is used in Nigerian commentary, it seems the intention is for it to mean that something...
At parley, stakeholders demand tax equity, social freedom
Over the years, succeeding governments have relegated other sources of revenue, limiting the nation’s revenue to oil and a few mineral products. However, one major source of revenue, which developed countries like Britain and United States have taken advantage of is taxation. Federal Inland Revenue Service (FIRS) Chairman, Babatunde Fowler, disclosed…
Why EFCC intervenes in voters inducement cases, by Magu
Acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has said the commission intervened in the general elections...
Fowler, FIRS chairman, debunks report of missing funds
Chairman of Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has dismissed reports that money paid as taxes disappeared from the agency’s coffers.
Court rejects AGF’s preliminary objection to MTN’s N3b suit
The Federal High Court, Lagos, presided over by Justice Chukwujeku Aneke, yesterday rejected the notice of preliminary objection filed by the Attorney-General of the Federation (AGF), Abubakar Malami (SAN), in the N3 billion suit filed against him by telecommunications giant, MTN Nigeria Communications Limited.
Corporate taxpayers in Nigeria to hit 45 million
The corporate taxpayer roll of the country will soon hit 45 million.
How insurers’ N37 billion tax affects industry growth
About 55 life and non-life underwriting companies in the country have paid N36.5 billion as tax to the government through the Federal Inland Revenue Service (FIRS) in the last five years. The Guardian reliably gathered that between 2013 and 2017 financial years, these underwriters generated N100.4 billion as Profit Before Tax (PBT) and were left…
Experts’ assessment, recipe for Nigeria’s tax system
The nation’s tax system has been agog, at least in the last three years, than it has ever been in more than 10 years past. Riding on the back of the country’s fiscal crisis, the present administration, like “hunting without barriers,” raved up the campaign for honour to civil obligations. Granted, the campaign is yielding…