Tax defaulters: Firms can challenge FIRS in court as deadline approaches
FG recently announced a 30-day ultimatum to high profile companies who are allegedly owing taxes. As stated by FIRS, non-compliance ...
Tag: Federal Inland Revenue Service
10 Nigerian companies pay a combined N187.9 billion taxes in first half of 2019
Information obtained from the Nigerian Stock Exchange (NSE) has shown that 10 Nigerian companies incurred the highest tax expenses in ...
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FG, States, LGs shared N769.5 billion allocation in July
The Federation Account Allocation Committee (FAAC) disbursed the sum of N769.5 billion from the Federation Account to the three tiers of government in ...
FIRS’ Fowler replies presidency over leaked memo
The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler has reacted to the leaked memo from the Presidency, revealing ...
EFCC resumes investigation of FIRS officials over more than N1.2 billion fraud
The EFCC has resumed investigations on the members of staff of the FIRS over the N1.2bn duty tour allowance (DTA) ...
Fine: MTN wants tribunal to overule FIRS on tax deduction
The telecommunication giants, MTN Nigeria, has asked a tax tribunal to quash the decision to pay corporate tax on the ...
FIRS revenue collection will surpass N5.32trn in 2019 -Fowler
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has expressed confidence that the revenue agency ...
FIRS records lopsided tax base as Lagos contributes 70% of Nigeria’s tax revenue
The Society of Women in Taxation (SWIT) has revealed that Lagos State contributed 70 percent of the N5.2 trillion taxes collected by the ...
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 ...
FIRS’ bank initiative discovers 55,000 tax defaulters
The FIRS identified identified the tax defaulters through the bank accounts substitution initiative which it embarked upon earlier this year.
