The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has moved to seize plots of land and buildings valued at N4.8 billion from the Shehu Yar’adua Foundation and 29 other firms. ICPC Spokesperson, Mrs Rasheedat Okoduwa disclosed this in a Press Statement in Abuja. She said that the properties included 22.9 hectares of undeveloped […]
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Federal Inland Revenue Service (FIRS)
FIRS targets N8trn revenue in 2019
THE Federal Inland Revenue Service (FIRS) says it is targeting a revenue collection of N8 trillion in 2019. The service in 2018 made a record of N5.320 trillion. Chairman of FIRS, Mr Babatunde Fowler set the target on Monday at the opening of the 2019 FIRS Management and Stakeholders Retreat, holding at the Eko Hotel […]
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FG approves disbursement of N161bn intervention fund to varsities, others
PRESIDENT Muhammadu Buhari has approved the sum of N161 billion for disbursement as 2018 intervention fund to public tertiary institutions in the country. This is even as the total Education Tax collection for 2018 by the Federal Government stood at 200,793,208.54. Executive Secretary of Tertiary Education Trust Fund (TETFund), Dr Bisi Baffa, made this known […]
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FIRS generates N4.3trn tax revenue from Jan to Oct — Fowler
NAN The Federal Inland Revenue Service (FIRS) on Friday said it generated N4.3 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, […]
The post FIRS generates N4.3trn tax revenue from Jan to Oct — Fowler appeared first on The Sun Nigeria. …
Economy in dire straits as CBN alerts of 2nd recession in 2 years
Uche Usim, Abuja The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), last week raised the red flag that the economy was treading precariously on the path to another recession. The CBN Governor, Godwin Emefiele, who read the communique after the 263rd MPC meeting held in Abuja explained that the economy slowed […]
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Tax returns without CITN Seal, Stamp void by January
FIRS goes after 6,000 billionaire tax defaulters
The Federal Inland Revenue Service (FIRS) has vowed that it will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes. FIRS Chairman, Mr. Tunde Fowler said the FIRS, through all banks in the country, will do substitution on accounts for such identified taxpayers, noting that “there are Over 6772 ofRead More
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FIRS: Multiple taxation of small businesses will soon be resolved
The Federal Inland Revenue Service (FIRS) says incidences of multiple taxation will soon end because it has started harmonising taxes to be paid. NAN reports that Babatunde Fowler, executive chairman The post FIRS: Multiple taxation of small businesses will soon be resolved appeared first on TheCable.
