Updated: FG’s VAT charges on online transactions to commence
Effective from January 2020, the Federal Inland Revenue Service (FIRS) will begin to impose value-added tax (VAT) on online transactions.
Tag: Babatunde Fowler
News and analysis about Babatunde Fowler
FIRS gives tax defaulters a 30-day ultimatum
The FIRS has given companies with lien on their bank accounts a 30-day ultimatum to regularise their tax status and ...
Leaked Memo: Chief of Staff queries Fowler for failing to meet tax budget.
A memo, purportedly written from the office of the Chief of Staff to the President Abba Kyari to the Chairman ...
Alert: FIRS is launching a new Universal TIN that makes it even harder to avoid paying tax
The Chairman of the Joint Tax Board (JTB) and Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, said the tax ...
FIRS to start charging VAT on online transactions soon – Fowler
The Federal Inland Revenue Service will start taking Value Added Tax on online transactions any moment from now according to ...
FIRS vows to punish officials involved in the DTA scam
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has stated that any staff member of FIRS found ...
FIRS charges VAT on betting and lottery games, as stakeholders protest
Industry stakeholders have kicked against Federal Inland Revenue Service's plans to automate Value Added Tax (VAT) on betting and lottery ...
Nigerians won’t be paying too much even if VAT increases to 7.5%
Nigeria's Value Added Tax (VAT) may inch up to 7.5% from the current rate of 5%.
How Nigeria generated an all time high tax revenue in 2018
Last year, the FIRS collected some N5.320 trillion worth of tax revenue, according to a disclosure made by the agency's ...
Again, FIRS shuts several companies over ₦1.90 billion tax debts
The companies are owing a total of N1.90 billion.
