The Federal Inland Revenue Service (FIRS), on Tuesday, urged Nigerians to brace for an increase in Value Added Tax (VAT) by between 35 and 50 per cent in 2019. This will raise the VAT from the current five per cent to between 6.75 and 7.25 per cent. The Chairman of FIRS, Mr Babatunde Fowler, dropped […]
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The Federal Inland Revenue Service is to dispose of the properties of 52 companies over tax debts valued at about ₦3.4 billion. Investigations by our correspondent in Abuja showed that already, the Legal Department of the Service had begun the process to sell the properties in a bid to effectively implement the initiative. It was […]
Read More The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler on Thursday assured Nigerians that his agency would handsomely surpass the ₦5.3 trillion revenue generated in 2018. In a chat with finance journalists on Thursday in Abuja, Fowler said the Service will leverage on robust IT platforms to ensure maximum revenue collection. He explained […]
Read More The Executive Chairman, Federal Inland Revenue Service, FIRS, Mr. Tunde Fowler has said the Service has generated ₦5 trillion by the second week of December 2018, adding that the agency is at the verge of making ₦5.3 trillion at the end of the year. Speaking at the induction of new members of the Joint Tax […]
Read More The country’s taxpayer roll is set to hit 33 million. This was disclosed by Mr. Tunde Fowler, Chairman, Joint Tax Board (JTB) and Executive Chairman, Federal Inland Revenue Service (FIRS) at the 142nd meeting of the JTB in Bauchi Monday. According to Fowler, the ongoing database consolidation of the JTB, an initiative being executed in […]
Read More The Federal Inland Revenue Service on Friday said it generated₦4.3 trillion as tax revenue between January and October this year. FIRS Executive Chairman, Babatunde Fowler, disclosed this during the “Federal Inland Revenue Service Special Day” at the ongoing Lagos International Trade Fair held at Tafawa Balewa Square. Represented by Mrs Angel Fadahunsi, FIRS South West […]
Read More The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has disclosed that the agency will soon target defaulting taxpayers who have billions in their bank accounts but refuse to honour tax obligations to the country. He said over 6,772 billionaire taxpayers had been identified by the service leveraging on bank data, […]
Read More The Executive Chairman, Federal Inland Revenue Service, Mr Tunde Fowler, said on Thursday that the government would sell properties built and developed in corporate names across the country on which taxes were not being paid. Fowler disclosed this in Lagos at a stakeholders’ meeting, where he noted that the country still had one of the […]
Read More Chairman of the Joint Tax Board, JTB, Mr. Tunde Fowler has commended Governor Ifeanyi Ugwuanyi of Enugu State for putting in place a proficient and “unparalleled” tax regime, which has ensured that the state exceeded the 15 per cent tax revenue to GDP benchmark suggested by the United Nations for the funding of budgets. The […]
Read More The Chairman of the Joint Tax Board (JTB), Mr. Tunde Fowler, has called on state governors to empower State Internal Revenue Services (SIRS) by making them autonomous. According to the Director of Communications and Servicom of the Federal Inland Revenue Service (FIRS), Mr. Wahab Gbadamosi, in a statement made available to the press, the JTB […]
Read More The Federal Inland Revenue Service (FIRS) has grossed ₦4 trillion in taxes last year. This was disclosed yesterday by the FIRS Chairman, Mr. Babatunde Fowler, during a visit of the members of the Senate and House of Representatives Finance Committees to the palace of the Oba of Lagos, Oba Rilwan Babatunde Akiolu. The visit was […]
Read More The Chairmman of Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has pledged the tax authority’s readiness to offer free advisory services to taxpayers who are willing to comply with the Voluntary Assets and Income Declaration Scheme (VAIDS). According to Fowler, who disclosed this recently at a media workshop on VAIDS in Lagos, FIRS would […]
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