FIRS and CBN plans to focus searchlight on VAT paid by foreign individuals/firms
The CBN has been urged to assist the FIRS to track the electronic payment of Value Added Tax made by ...
Tag: Federal Inland Revenue Service FIRS
Court gives FIRS power to sell companies’ properties towards tax clearance
The Federal Inland Revenue Service (FIRS) has been authorised by by an Abuja-based Federal High Court, to sell two landed ...
Shell remits $6.3bn to Nigerian Government and agencies
Shell paid $6.397 billion to the Nigerian Govt as production entitlement and tax in 2018, from the Shell exploration and ...
FIRS receives as much as N103bn worth of taxes from banks in 2018
The Federal Inland Revenue Service (FIRS) is expecting the fourteen commercial banks on the NSE to pay taxes worth N103 ...
FIRS boss Tunde Fowler denies pushing for increase in VAT charge
In a series of tweets from its twitter handle, the Federal Inland Revenue Service (FIRS) has clarified media reports its ...
Nigeria generated N4.59tn from VAT in just 5 years
Over the past two years, VAT improved most in 2017, but slightly dropped in 2018.
Nigeria’s Value Added Tax (VAT) inches up to ₦1.108 trillion in 2018
Nigeria's Value Added Tax (VAT) increased to ₦1.108 trillion in 2018 from ₦972.3 billion recorded in 2017. This is contained in ...
FIRS suspends freezing of tax defaulters accounts
The Federal Inland Revenue Service (FIRS) has halted the freezing of bank accounts of tax defaulters. The agency made this known in ...
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.
