FIRS freezes 6,772 accounts, generates N3.5 trillion in eight months
The Federal Inland Revenue Service (FIRS) has said it generated N3.5 trillion for Federal Government between the months of January and September 2018.The Executive Chairman, FIRS, Tunde Fowler, who disclosed this in Lagos, during a stakeholders meeting, said the amount generated was N1trillion....
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.
‘No sacred cows under VAIDS’
Chairman of the Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler, has advised prominent Nigerians with tax liabilities to take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS), as political, social or economic prominence will not insulate them from sanctions for non-declaration.
NIPC, FIRS launch compendium of investment incentives
The Nigeria Investment Promotion Commission (NIPC), and the Federal Inland Revenue Service (FIRS), Monday, launched a Compendium of Investment Incentives, which showcases all relevant Nigerian tax...
Osinbajo to open international conference on tax in Africa
Vice President Yemi Osinbajo will tomorrow open the 3rd International Conference on Tax in Africa (ICTA), which holds in Abuja from today to 29 September. The ICTA, the flagship conference of the African Tax Administration Forum (ATAF), has as its theme: “Building Strong Domestic Tax Regimes in Africa: Strengthening VAT, PIT and CIT.” The conference…
Nigeria’s revenue savings hit N1.071 trillion
Nigeria’s current balance in the Excess Crude Account and the Stabilisation and Wealth Fund stands at $3.9 billion (N1.071 trillion) as at June 2017.
Ambode, Fowler task advertisers on ethical standards
Lagos state governor, Akinwunmi Ambode and the Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, yesterday, urged members of the Association of Advertising Agencies of Nigeria
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.
FIRS introduces six online tax solutions
The Federal Inland Revenue Service (FIRS) has introduced six key electronic solutions (e-Services) to enhance convenience, transparency and round the clock processing and payment of taxes.
‘Only 13m individuals, enterprises pay taxes regularly’
Data from the 36 States Internal Revenue Service (SIRS) as at November 2016 shows that 13,034,222 million individuals and enterprises pay taxes regularly.