The Federal Inland Revenue Service (FIRS) has declared it collected a total of N5. 320 trillion from taxes in 2018. A statement from the FIRS said its Executive Chairman Tunde Fowler made the announcement in Lagos on Monday at a retreat with the theme: “Parliamentary support for effective taxation of the digital economy”. He also […] …
Tunde Fowler
FIRS targets N8.3tn revenue from taxes in 2019, says Fowler
The Federal Inland Revenue Service (FIRS) says it is targeting N8.3 trillion from the collection of various taxes in 2019 from the N5.32 trillion realised in 2018.
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FAAC: FIRS remits N4.63tr into federation account
Uche Usim, Abuja The Federal Inland Revenue Service (FIRS), remitted N4.63 trillion into the federation account between January and November this year, in line with its mandate as a major revenue generating agency of the country. The figure is contained in a document presented to the Ministry of Finance at the final Federation Account Allocation […]
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Bauchi leads northeast as IGR hits N7.04bn in nine months
ATAF re-elects Fowler as African tax chief
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Tunde Fowler, has been re-elected as Council Chairman of the African Tax Administration Forum (ATAF) for a fresh two-year term. This was disclosed in a press release signed by Wahab Gbadamosi, FIRS’ Head of Communications and Servicom Department. According to the release, Fowler was returned unopposed […]
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FG uncovers 114 coys in property fraud
Uche Usim, Abuja The Federal Government has uncovered 114 companies neck deep in shady land deals, even as it raked in N1.173 billion in tax revenues from January till date. The Executive Chairman, Federal Inland Revenue Services (FIRS), Tunde Fowler, made the disclosures in Abuja on Thursday at the the African Union high level panel […]
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Nigeria, Africa states lose $50bn in illicit financial flow –FG
Uche Usim, Abuja African leaders yesterday rose in unison to address a plethora of internal system failure which robs the continent a whopping $50 billion annually via illicit financial flows. The African leaders and technocrats met in Abuja for the meeting of African Union high level panel on Illicit financial flow from Africa, Chaired by […]
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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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EXCLUSIVE: General Electric fingered in multi-million dollar illegal tax deduction
General Electric (GE) illegally withheld tax in excess of $3 million from its payments to ARCO Group Plc, a Nigerian oil servicing company, according to documents seen by TheCable. There The post EXCLUSIVE: General Electric fingered in multi-million dollar illegal tax deduction appeared first on TheCable.
