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FEDERAL INLAND REVENUE SERVICE
The Lagos State Government has created a portal for taxpayers and employed residents yet to enrol into the tax base of the state.
The immediate past Executive Chairman of FIRS, Babatunde Fowler, has been accused of defying the directive of President Muhammadu Buhari.
Many Nigerians have been reacting on Twitter following the news, that Buhari decided against reappointing Babatunde Fowler as the Executive Chairman of FIRS.
Babatunde Fowler, the immediate past Executive Chairman of FIRS, has reacted to President Muhammadu Buhari’s decision not to retain him.
President Muhammadu Buhari has nominated Muhammad M. Nami, as the new Executive Chairman of the Federal Inland Revenue Service (FIRS).
The tenure of Babatunde Fowler as the Chairman of the FIRS ended last weekend and his special adviser has been announced as his replacement.
The latest report released by the National Bureau of Statistics disclosed that Nigeria generated a total sum of N876.09 billion as VAT in 9 months.
Businesses in Nigeria are now more than ever exposed to payment of taxes, according to provisions of the Finance Bill currently being debated.
The CBN, FIRS and other government MDAs have flouted the 7-day ultimatum for the submission of audited reports issued by the Nigerian Senate.
The executive bill forwarded to the National Assembly to revise the Value Added Tax (VAT) Rate to 7.5% scaled the second reading yesterday.
Foreign investors looking to invest have been advised to choose Nigeria as their first option for business.
The FIRS has stated that Nigeria’s non-oil sector would generate 80% of the country’s revenue in the next three years.