the federal inland revenue service (firs) news

Former Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, wrote to the Secretary to the Government of the Federation (SGF) Boss Mustapha, seeking for a second term before he was replaced on Monday by President Muhammadu Buhari.... Read more via Daily Post Nigeria –...

These are some things you should know about the new chairman of the Federal Inland Revenue Service, Muhammad M. Nami. President Muhammadu Buhari has nominated Muhammad M. Nami as the... Read more via Tori News – https://ift.tt/2s68Gg1 Get More Nigeria Political News

A Federal High Court sitting in Kano, yesterday, dismissed a suit challenging the tenure of Mr. Babatunde Fowler as Executive Chairman of the Federal Inland Revenue Service..... Read more via Nairaland – https://ift.tt/2VJ7VUO Get More Nigeria Political News

As the Nigerian Government is trying to raise revenue through the increase of Value Added Tax (VAT), the Minister of Finance, Budget and National Planning, Zainab Ahmed has lamented Nigeria’s poor collection rate of VAT, saying it is 0.2%, lower than the African average of 0.33%..... Read...

The Federal Account Allocation Committee (FAAC) yesterday distributed N740.88 billion to the federal, state and local governments as allocation for August 2019..... Read more via The Guardian Nigeria News – https://ift.tt/2M2l5rF Get More Nigeria Political News

The Federal Inland Revenue Service (FIRS) has given companies with a lien on their bank accounts a 30-day ultimatum to regularise their tax status and pay the tax due. In what appears to be in line with the … Read more via Nairametrics – https://ift.tt/2KLSEyN Get more: Nigeria Business News

The Presidency, through the Senior Special Assistant to the President on media and publicity, Garba Shehu, has said that the Federal Inland Revenue Service (FIRS), boss, Babatunde Fowler, is not under any investigation..... Read more via Vanguard News – https://ift.tt/2PjIbiz Get More...

MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman for the telecoms company said..... Read more via WSAU – https://ift.tt/2Keec6I Get more: Nigeria Business News

Governor Nasir El-Rufai of Kaduna State has appointed Shizzer Bada as the new Accountant General of the state.... Read more via P.M. News – https://ift.tt/2YZWR6B Get More Nigeria Political News

The Chairman of the Joint Tax Board (JTB) and Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has disclosed that the tax agency is set to launch a new Tax Identification Number registration system to boost tax compliance and revenue collection in the country.... Read more via...

Nigeria and other African countries could increase tax revenue by as much as $72 billion or 4.6 per cent of Gross Domestic Product (GDP) yearly if comprehensive tax reforms are carried out, the Economic Commission for Africa (ECA) says.... Read more via NaijaBizCom.Com –...

Reuters The Federal Inland Revenue Service (FIRS) has written to banks, directing them to lift the lien on tax defaulters’ bank accounts for 30 days. The directive, which takes immediate.... Read more via TODAY.NG – http://bit.ly/2Na4vGi Get more: Nigeria Business News

KPMG, one of the Big Four auditors in the world, says Nigeria’s Federal Inland Revenue Service (FIRS) has gone draconian by giving fiats to banks to freeze accounts of suspected tax defaulters. In September 2018, Tunde Fowler, FIRS chairman, said the service was going after 6,772 tax...

The Federal Inland Revenue Service (FIRS) has set a N8 trillion revenue target for 2019. This came as it also confirmed that it collected a total sum of N5.32 trillion in 2018, the highest revenue receipt since 2012 when it realised N5.07 trillion..... Read more via Thisdaylive Newspaper –...

The Federal Inland Revenue Service (FIRS) paid the sum of N4.63 trillion revenue into federation purse between January and November 2018. The amount was reflected in FIRS’ revenue fact sheet presented to the.... Read more via Newtelegraph – http://bit.ly/2s0oHAH Get more: Nigeria Business News

Tunde Fowler, the executive chairman, Federal Inland Revenue Service (FIRS), says the service has generated N5 trillion in 50 weeks of 2018. He added that the agency is at the verge of making N5.3 trillion at the end of the year..... Read more via TheCable – https://ift.tt/2Qv2CZI Get More...

From all indications, the Voluntary Assets and Income Declaration Scheme (VAIDS) is proving to be effective as the Nigerian government has so far recovered ₦30 billion. VAIDS was designed by the ... Read more via Techpoint.ng – https://ift.tt/2JlwcJH Get more: Nigeria Business News