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.
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…
‘Property tax is an untapped goldmine in Nigeria’
Professionals on tax matters and real estate sector have called for an overhaul of the policy that renders land administration system ineffective and costly over the years.
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.
‘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.
Frequently asked questions and answers on Withholding Tax
Withholding Tax is basically an advance payment of income tax which may be used to offset or reduce tax liabilities. It is an advance payment [to be deducted by every taxpayer ...