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Business FIRS agrees to refund $2m, other tax overpayments in Arco, GE saga – NaijaBizCom.Com
The Federal Inland Revenue Service (FIRS), has said it will refund the N360million and $2million excess withholding tax (WHT) deducted from Arco Petrochemicals Engineering Company Limited, through its business dealings with General Electric (GE) International Operations Nigeria Limited. This...- curator
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Business FIRS agrees to refund $2m, other tax overpayments in Arco, GE saga – The Guardian Nigeria Newspaper
The Federal Inland Revenue Service (FIRS), has said it will refund the N360million and $2million excess withholding tax (WHT) deducted from Arco Petrochemicals Engineering Company Limited, through its business dealings with General Electric (GE) International Operations Nigeria Limited. This...- curator
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#BBNaija: FIRS hosts Cee C and her dad (photos) – Nigeria News | Laila’s Blog
Big Brother Naija 2018 first runner-up, Cee C was today hosted by the Federal Inland Revenue Service (FIRS). Cee C and her dad were at the FIRS headquarters in Abuja where FIRS chairman, Babatunde Fowler received them. Gushing about the visit, Cee C wrote ion Instagram: … via Nigeria News...- Nigeria News
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Business FIRS Generates N2.11 Trillion in 7 months
The Federal Inland Revenue Service, FIRS, through tax collections, generated N2.11 trillion as revenue from January to July, 2017. This was announced in a progress report of the FIRS from January to July, obtained by the News Agency of Nigeria on Monday, showing the revenue performance and...- ProfRem
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Business FIRS To Introduce Electronic Tax Clearance Certificate
The Federal Inland Revenue Service (FIRS) says it will soon introduce electronic Tax Clearance Certificate (TCC) system to help reduce fraudulent certificates. Mr Kola Okunola, Director ICT, FIRS, said this in a presentation at the ongoing training by Journalism.com Ltd., in collaboration...- ProfRem
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Business FIRS Introduces VAT on International Passports
The Executive Chairman of the Federal Inland Revenue Service (FIRS) on Monday said Nigerians will soon pay Value Added Tax (VAT) before obtaining their passports. Mr Tunde Fowler said this at the 136th meeting of the Joint Tax Board which had the theme: “Increased Inter-Agency Co-operation to...- ProfRem
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- federal inland revenue service firs nigeria news nigerianbulletin vat on international passport
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Business FG Recovers N4.2Bn From Collecting Banks
The Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) on Wednesday said it had recovered N4.2 billion in remittances from collecting banks into the federation account. Mr Shettima Gana, the commission’s acting Chairman, said this while inducting the lead consultants and other...- ProfRem
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Business FIRS Shuts Lafarge Cement Company in Port Harcourt
The Federal Inland Revenue Service from Abuja stormed Rivers State on Monday and sealed off Lafarge in Onne, Port Harcourt for alleged tax evasion. The cement company was sealed for allegedly failing to pay over N10m in taxes. The leader of the FIRS team, Mrs. Ruth Mandeun, warned their...- ProfRem
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Business FIRS Records N2.13 Trn Taxes in Half Year Report
Federal inland revenue service, FIRS has released the figures for its operations in the first half of the year. The report shows a total revenue generation through taxation in the first half of the year of about N2.43 trillion as compared to the total collection of N1.94 trillion for the...- ProfRem
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Business Federal Inland Revenue Service, FIRS Announces Recruitment
The Federal Inland Revenue Service as part of its consolidation strategies, announced vacancies slort to engage the services of early starters with integrity, drive and desire to win professionally, to strengthen its workforce. Deadline for submission of application is six (6) weeks from the...- ProfRem
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Business FIRS Boss, Fowler Restructures, Changes Tax Controllers, Auditors
The Federal Inland Revenue Service (FIRS) is undergoing a fresh restructuring that will replace the current tax controllers, heads of audit, heads of government tax offices and zonal coordinators. Sources at tax office told Daily Trust that the reorganisation, approved by the new chairman...- ProfRem
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Nigerian Tax System: Withholding Tax (WHT) - 6 Things You Should Know
What is Withholding Tax? Withholding Tax (WHT) is an advance payment of income tax. What is the Rate of Withholding Tax for companies and individuals on transactions? There are varying rates of WHT ranging from 2.5% to 10% for companies and 5% to 10% for individuals depending on the...- mrsam
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Nigerian Tax System: PAYE, Tax Evasion And Other Important Things You Should Know
What is P. A. Y. E? P. A. Y. E. is an acronym for “Pay As You Earn”. It is a method of collecting personal income tax from employee`s salaries and wages through deduction at source by an employer as provided by the relevant sections of Personal Income Tax Act (PITA). (S.81 of Personal Income Tax...- mrsam
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Business FIRS Shuts 4 Companies In Lagos Over N2.6Bn Tax Debt
The Federal Inland Revenue Service (FIRS) yesterday sealed the offices of construction giant Costain West Africa Plc, First Deepwater Discovery Limited, CAT Construction Group Limited and OPI International Limited, all in Lagos. Costain West Africa Plc alone is alleged to be owing N2bn in...- ProfRem
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Business Consultants Would Be Engaged For Data Gathering, Not Tax Collection- FIRS Boss
The Acting Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler, has said he would not use consultants to collect taxes as being practiced by some state governments, rather, they are to help in data gathering which is more than what the staff of the tax authority can handle. He made...- Temitope
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