The Federal Inland Revenue Service (FIRS) has stated the Value Added Tax (VAT) is a consumption tax primarily designed to support poor people, and not to create hardship for them. Executive Chairman of the FIRS Babatunde Fowler allayed fears that the increase in VAT may cause hardship for the poor, stating that VAT is charged […] …
FIRS
Sowore’s movement rejects plan to increase VAT
FIRS: No plan to increase VAT to 50 percent
ICAN commends Ministry Of Finance, seeks collaboration on training
The Institute of Chartered Accountants of Nigeria (ICAN) on Tuesday commended the laudable achievements of the Federal Government under the Federal Ministry of Finance in the last three and half years, saying it has blocked leakages and set the tone for improved revenue generation to finance government’s economic development agenda. The 54th president of ICAN, […] …
FIRS generates N23bn by ‘freezing’ accounts of 3,000 tax defaulters
The Federal Inland Revenue Service (FIRS) says it generated over N23 billion in unpaid taxes from the recently suspended restriction on the corporate bank accounts of tax defaulters. Babatunde Fowler, The post FIRS generates N23bn by ‘freezing’ accounts of 3,000 tax defaulters appeared first on TheCable.
Widen tax net rather than increase rate, MAN urges FIRS
Manufacturers Association of Nigeria, MAN, has appealed to the Federal Inland Revenue Service (FIRS) to bring more tax payers into the tax net as a means of increasing tax revenue, rather than increasing tax rates.
Continue reading Widen tax net rather than increase rate, MAN urges FIRS at Vanguard News Nigeria. …
FIRS gets N23b unpaid tax from corporate firms
The Federal Inland Revenue Service (FIRS) has generated over N23billion in unpaid taxes from the recently suspended substitution exercise on corporate bank accounts, marked by the imposition of restriction on the accounts of tax-defaulting organisations. FIRS Chairman, Babatunde Fowler, who spoke in Lagos yesterday at the Manufacturers Association of Nigeria (MAN) Interactive Forum on Tax […] …
FIRS generates N23bn from lien on corporate accounts
Federal Inland Revenue Service, FIRS, has generated over N23 billion in unpaid taxes from the recently suspended substitution exercise on corporate bank accounts, which was marked by the imposition of restriction on the accounts of tax-defaulting organisations.
Continue reading FIRS generates N23bn from lien on corporate accounts at Vanguard News Nigeria. …
FIRS soft pedals, directs banks to unfreeze tax defaulters’ accounts
As a result of complaints by Nigerians and industry experts, 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 effect, was contained in a letter from the Chairman, FIRS, to bank Managing Directors. FIRS, however, […]
The post FIRS soft pedals, directs banks to unfreeze tax defaulters’ accounts appeared first on Tribune Online. …
FIRS goes after 85,000 millionaire tax defaulters
LAGOS—THE Executive Chairman, Federal Inland Revenue Service, FIRS, Mr. Tunde Fowler has said that the Service, in collaboration with other stakeholders like the Nigeria Police Force, will continue to go after wealthy tax defaulters in 2019.
Continue reading FIRS goes after 85,000 millionaire tax defaulters at Vanguard News Nigeria. …