TAG: FIRS

FIRS raids SME’s across 3 states for not paying tax

FIRS raids SME’s across 3 states for not paying tax

In what appeared to be a major raid during the week, the Federal Inland...


FIRS explains how it plans to achieve N1.8 trillion VAT target for 2017

FIRS explains how it plans to achieve N1.8 trillion VAT target for 2017

The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Tunde Fowler, stated...


All the major economic news from Nigeria in 5 minutes – 18/7/2017

All the major economic news from Nigeria in 5 minutes – 18/7/2017

Summary of the top business, economic and political news in Nigeria today.   Acting...


The FG has hired asset tracers to track 150 moneybags

The FG has hired asset tracers to track 150 moneybags

Tax defaulters are now in for a hard time as the federal government hires...


All the major economic news from Nigeria in 5 minutes – 5/7/2017

All the major economic news from Nigeria in 5 minutes – 5/7/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 3/7/2017

All the major economic news from Nigeria in 5 minutes – 3/7/2017

Summary of the top business, economic and political news in Nigeria today.   The...



All the major economic news in Nigeria in 5 minutes 22/6/2017

All the major economic news in Nigeria in 5 minutes 22/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 14/6/2017

All the major economic news from Nigeria in 5 minutes – 14/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


All the major economic news from Nigeria in 5 minutes – 07/6/2017

All the major economic news from Nigeria in 5 minutes – 07/6/2017

Summary of the top business, economic and political news in Nigeria today.   The...


Low down on Adeosun’s plan to hike interest rates on unpaid taxes

Low down on Adeosun’s plan to hike interest rates on unpaid taxes

Nairametrics| Individuals who default in paying taxes will face a hike in the interest...


These 8 firms have been closed for tax evasion; here are their names

These 8 firms have been closed for tax evasion; here are their names

Several millions...


Analysis: Are Expenses Incurred Outside Nigeria Tax Deductible?

Analysis: Are Expenses Incurred Outside Nigeria Tax Deductible?

Tax Deductibility Of Expenses Incurred Outside Nigeria: Are Days Of Arbitrary Awards Over? The...


Accounting For VAT in Nigeria – Cash or Accrual Basis?

Accounting For VAT in Nigeria – Cash or Accrual Basis?

The Value Added Tax Act (VATA or the Law), 2007 governs the administration of...


What Nigeria Is Doing To Gain 20 Points In the Ease of Doing Business Ranking

What Nigeria Is Doing To Gain 20 Points In the Ease of Doing Business Ranking

Nairametrics| The Federal Government has been all over the news since last week on...


6 Key Clarifications On The FIRS Tax Amnesty Program (Updated)

6 Key Clarifications On The FIRS Tax Amnesty Program (Updated)

New Update Subsequent to our recent tax alert on the ongoing tax amnesty, we have received...


The Steps FIRS Takes Before It Seals Your Office For Not Paying Tax

The Steps FIRS Takes Before It Seals Your Office For Not Paying Tax

The Federal Inland Revenue has made it clear to businesses in Nigeria that it...


FIRS Boss Says Agency Is Targeting  Revenue Of N4.9 Trillion In 2016.

FIRS Boss Says Agency Is Targeting Revenue Of N4.9 Trillion In 2016.

Chairman of the Federal Inland Revenue Service (FIRS) Babatunde Fowler on Monday, announced that...


FIRS Will Capture 500,000 Corporate Accounts, To Boost Revenue Collection For FG – Fowler

FIRS Will Capture 500,000 Corporate Accounts, To Boost Revenue Collection For FG – Fowler

Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler has said that the...


Senate Confirms Babatunde Fowler As FIRS Chairman

Senate Confirms Babatunde Fowler As FIRS Chairman

The Senate has confirmed Babatunde Fowler as chairman of the Federal Inland Revenue Service, FIRS....


Petroleum Tax Falls By N390bn – FIRS

Petroleum Tax Falls By N390bn – FIRS

The Petroleum Profits Tax collection for the year has dropped by N390bn from a...


[GET READY] Tunde Fowler Will Focus on These 10 Areas to Drive Tax Revenue

[GET READY] Tunde Fowler Will Focus on These 10 Areas to Drive Tax Revenue

The new Chairman of the Federal Inland Revenue Tunde Fowler has been talking tough...


[TAX] Buhari Appoints Former LIRS Boss As New FIRS Chairman

[TAX] Buhari Appoints Former LIRS Boss As New FIRS Chairman

President Muhammadu Buhari has appointed Mr. Babatunde William Fowler  as Executive Chairman of the...


FIRS Will Ground Airlines Over Tax Evasion

FIRS Will Ground Airlines Over Tax Evasion

The Federal Inland Revenue Services (FIRS) is set to stop airlines that have failed...


Tax Collectors – FIRS Generates N1.97Trln  In H1

Tax Collectors – FIRS Generates N1.97Trln In H1

The Federal Inland Revenue Service (FIRS) says it generated N1.97 trillion in revenue in...


FG, States Share Another N518.542b June Federation Revenue

FG, States Share Another N518.542b June Federation Revenue

The Federal Government and the 36 states of the federation yesterday distributed the sum...


FIRS raised N1.84 trillion from taxes in the first half of 2015

FIRS raised N1.84 trillion from taxes in the first half of 2015

The Acting Executive Chairman of the Federal Inland Revenue Service, Mr. Sunday Odugbesan, said...


Two quoted companies that could be affected if FG goes ahead with pioneer status restriction

Two quoted companies that could be affected if FG goes ahead with pioneer status restriction

The Federal Government has announced plans to target 22 companies who were granted pioneer...


Tax Evasion: Court Orders ExxonMobil To Pay $83Million Education Tax To FIRS

Tax Evasion: Court Orders ExxonMobil To Pay $83Million Education Tax To FIRS

  The activities of international oil firms operating in the oil sector and milking...


Pay Your Tax: FIRS Generates N1.5trillion Taxes in Q1 2013

Pay Your Tax: FIRS Generates N1.5trillion Taxes in Q1 2013

  EFFORTS by the Federal Government to diversify the nation’s revenue base is paying...


Tax implication of IFRS adoption in Nigeria: key issues

One of my favorite Tax Consultant and one of the most respected in the...