federal inland revenue (firs) news

  1. Nigeria Business News

    Business “PAY YOUR TAX!” WHY? –– WhyteworldNG

    “Pay your tax!” “Pay your tax!!” This is a usual mantra from government officials. This is good but there is a “but”. Just yesterday, the FIRS Chair visited the Lagos state Governor and among the other things that filtered out to … Read more via WhyteworldNG – https://ift.tt/2wwSyGD Get...
  2. Nigeria Business News

    Business FIRS Warns Against Evasion As 7.5% VAT Begins – Nairaland

    As the implementation of the new 7.5 per cent Value Added Tax rate begins on Saturday (today ), the Federal Inland Revenue Service has warned businesses and individuals against tax evasion. The Federal Government had said it would from today begin the implementation of the 7.5 per cent Value...
  3. Nigeria Political News

    Politics N90bn FIRS election fund Osinbajo’s problem, not 2023 politics ― Frank – Vanguard News

    A political activist and former Deputy National Publicity Secretary of the All Progressives Congress (APC), Comrade Timi Frank, has said the ongoing travails of Vice President Yemi Osinbajo is allegedly due to corruption which has nothing to do with 2023 politics. Timi Frank Frank revealed...
  4. Nigeria Business News

    Business Why FG is planning to audit Customs’, FIRS’ revenues – Nairametrics

    The Federal Government (FG) is planning to commence an auditing revenue assurance and Information Technology audit on the Federal Inland Revenue Service (FIRS) and the Nigerian Customs Service (NCS). In a statement disclosing this development, the Auditor-General of the Federation, Anthony...
  5. Nigeria Business News

    Business N330 billion Fine: MTN in fresh mess after FIRS queries tax deduction – Nairametrics

    MTN Nigeria appears to be enmeshed in a new storm, as the Federal Inland Revenue Service (FIRS) is querying the telco for deducting tax when it cleared the N330 billion sim infraction fine. While maintaining that MTN still has an issue to resolve despite claiming … Read more via...
  6. Nigeria Business News

    Business Nigeria considers new 5% tax for online purchases – Premium Times Nigeria

    The Federal Inland Revenue Service (FIRS) may, from next year, ask banks to charge customers five per cent Value Added Tax for online purchases when using bank cards, its Chairman, Tunde Fowler, has said. Mr Fowler, who gave the hint in an exclusive interview with PREMIUM TIMES … Read more...
  7. Nigeria Business News

    Business FIRS queries MTN’s tax deduction on multi-billion fine – Premium Times Nigeria

    Despite paying the N330 billion fine imposed on it for its failure to comply with regulatory directives in 2013, MTN Nigeria still has one issue to resolve over the matter, the Federal Inland Revenue Service (FIRS) Chairman, Tunde Fowler, has said. The South African telecoms firm’s Nigeria …...
  8. Nigeria Business News

    Business FIRS accuses First Bank of account manipulation in N25b suit – The Guardian Nigeria News

    The Federal Inland Revenue Service (FIRS) has admitted that it received a purported over-bloated turnover of Biatemp Ventures Limited account from First Bank Plc. In a statement of defence filed before the Federal High Court, Abuja, FIRS stated that … Read more via The Guardian Nigeria News...
  9. Nigeria Business News

    Business FIRS charges VAT on betting and lottery games, as stakeholders protest – Nairametrics

    The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has disclosed the agency’s plans to charge Value Added Tax (VAT) on gaming activities, as well as automate VAT collection from lottery operators in Nigeria. He disclosed this during a stakeholders’ meeting...
  10. Nigeria Business News

    Business Nigeria generated N4.59tn from VAT in just 5 years – Nairametrics

    Nigeria generated a total sum of N4.59 trillion from Value Added Tax (VAT) in just 5-years. This is according to data from the National Bureau of Statistics, NBS. A cursory look at the revenue generated from VAT in Nigeria shows that VAT revenue has been on the rise … Read more via...
  11. Nigeria Business News

    Business Alleged tax default: Yar’Adua Foundation, others to lose N4.8bn assets – ICPC – Newtelegraph

    For allegedly failing to meet their tax obligations, a total of 30 companies are set to forfeit assets and buildings estimated at N4.8 billion to the Federal Government.... Read more via Newtelegraph – https://ift.tt/2Oc6bQe Get more: Nigeria Business News