The Executive Chairman, First Inland Revenue Service (FIRS), Babatunde Fowler, has said the introduction of Automatic Exchange of Information (AEI) could be the tool to eradicate tax evasion in the country. According to Fowler, who stated this at a workshop on automatic exchange of Information at the weekend in Lagos, jointly organised by FIRS and […]
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Acting President Yemi Osinbajo, has offered nine months grace to tax payers to regularise their tax status or face criminal prosecution for tax evasion. Osinbajo gave the ultimatum in Abuja on Thursday at the inauguration of the Voluntary Assets and Income Declaration Scheme (VAIDS). He said the scheme was specially targeted at taxpayers who are […]
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The Federal Government says will recruit 7,500 graduates as Community Tax Liaison Officers to raise tax awareness among citizens. The Minister of Finance, Mrs Kemi Adeosun, along with the Chairman, Federal Inland Revenue Service (FIRS), Mr BabaTunde Fowler made this known at a joint press briefing on Thursday in Abuja. Adeosun said that the recruits […]
Read More The Federal Inland Revenue Service (FIRS) says it generated ₦778.19 billion revenue in the first quarter of 2017. This is according to a progress report by the FIRS sent to the Federal Ministry of Finance on Tuesday in Abuja. The report, which showed the revenue performance for the first quarter of 2017, gave a breakdown […]
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The Federal Inland Revenue Service (FIRS) at the weekend sealed off Mentors & Partners Limited in Umuahia, Abia State, over tax liabilities of N308.9million. The sealing off of the company was a continuation of the enforcement exercise, which began on Wednesday. The FIRS team, led by Mrs. Ruth Mandeun, sealed over 13 tax-owing firms across […]
Read More Federal Inland Revenue Service (FIRS) yesterday said that it collected N3.303 trillion tax revenue in 2016, despite the challenging economy. Its Chairman, Mr. Tunde Fowler, who spoke through a Deputy Director, Ms Nneka Ifekwuna, in Lagos, said that FIRS was able to make haul in a year when oil prices dropped to less than $50 […]
Read More The Federal Inland Revenue Service (FIRS) has announced that individuals and corporate organisations in the country can now file their tax returns online. This was made known by the Director of Information and Communication Technology, ICT, Mr. Kola Okunola, at a workshop in Abuja. According to Okunola, the introduction of Integrated Tax Administration System, ITAS, […]
Read More The Federal Inland Revenue Service (FIRS) realized N3.30 trillion tax revenue for the nation’s coffers. Executive Chairman of the FIRS Mr. Tunde Fowler made this closure in Abuja Monday at training for journalists on tax reporting. Fowler praised the efforts of the Service for raising over N3.3 trillion at a most trying period in the […]
Read More The enforcement team of the Federal Inland Revenue Service (FIRS), yesterday, shut the premises of AOP Logistics Limited, at Breweries new site area, Ibadan. The firm has a tax debt profile of N863, 188,498.00. The enforcement team leader said the premises of the firm will not be re-opened until it pays up it tax debt […]
Read More The Federal Inland Revenue Service (FIRS), says the agency realised N27.086 billion from the waiver of tax penalty and interest programme. The programme was introduced to allow defaulters regularise their relationship with the agency. The executive chairman – Tunde Fowler, spoke yesterday in Abuja during the oversight visit by the House of Representatives Committee on […]
Read More The Chairman, Federal Inland Revenue Service, Mr. Tunde Fowler, said that the organisation received more than 700,000 applications from the recent job advertisement it placed in some national newspapers. Fowler, who made this known on Wednesday in Abuja when he appeared before the House of Representatives’ Committee on Public Petition, said only 500 of the […]
Read More Inline with the planned shift in the nation’s economy focus to non-oil sector, the Federal Inland Revenue Service (FIRS) has proposed revenue target of N4.957 trillion for 2016 with non-oil revenue accounting for 80% of the total target. Of the figure, Value Added Tax (VAT) is to rake in N2 trillion, representing 40.35% and Company […]
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