The Federal Inland Revenue Service says it is targeting N8.3 trillion from the collection of various taxes in 2019 from the N5.32 trillion realised in 2018.
Browsing: Babatunde Fowler
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.
The Federal Inland Revenue Service says cumulative states’ Internally Generated Revenues have experienced astronomical leap in recent years.
Fowler, who is also the First Vice Chairman of the United Nations International Committee of Tax Experts and Chairman, African Tax Administration Forum, gave the advice in New York in an address delivered at the opening of the Meeting of the United Nations’ Economic Council on Taxation on and Digitalisation of the Economy and Taxation of ODA-Funded Projects.
Less than a month after it commenced its substitution of accounts of recalcitrant billionaire taxpayers, the Federal Inland Revenue Service has collected N12.66 billion in tax revenue.
The Federal Inland Revenue Service will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes, the Service’s Chairman, Tunde Fowler, has said.
Tunde Fowler, Executive Chairman, Federal Inland Revenue Service, on Thursday said that the Service would soon commence the audit of taxpayers across the country.
Fowler gave the assurance when he addressed State House correspondents after he briefed the Federal Executive Council on activities of FIRS on Wednesday at the presidential villa, Abuja.
The Declaration Certificates, which was approved by the Minister of Finance, Kemi Adeosun, are to be given to taxpayers who voluntarily declared their previously undisclosed assets and income.
The Chairman of the Federal Inland Revenue Service, Babatunde Fowler, revealed this in Abuja at a VAIDS workshop for state tax boards.
The Executive Chairman of FIRS, Babatunde Fowler, announced the plan at a roundtable discussion on women and the informal sector.
The partnership will beam searchlights on defaulting taxpayers who also refused to rely on the Federal Government’s tax amnesty programme, Voluntary Assets and Income Declaration Scheme, to offset their tax liabilities.
Adeosun made the call while declaring open the sixth Steering Committee meeting of the IMF-AFRITAC West 2 in Abuja, which was attended by the Senior Resident Representative of the IMF in Nigeria, Amine Mati; AFRITAC West 2 Coordinator, Oral Williams; Director-General of Budget Office, Ben Akabueze; and Executive Chairman of the Federal Inland Revenue Service, Babatunde Fowler.
The Kaduna State Government is hosting the VAIDS Stakeholders’ Symposium, which is expected to have in attendance Executive Chairman of the Federal Inland Revenue Service, Babatunde Fowler; members of the State Executive Council, members of the State House of Assembly and traditional rulers.
Enelamah spoke at the launching of Andersen Tax in Nigeria on Saturday in Lagos
He said: “I saw the jersey on a visit to Port Harcourt and it was so resplendent on the kid wearing it. It was so colourful I had to send they should bring the girl wearing it only to find out that it was the jersey the FIRS donated to our organisation.
In the presentation, titled: “Achieving Voluntary Tax Compliance: The VAIDS Option,” the FIRS Chairman explained that the key motivation for introducing the scheme is that the country’s tax remittance rate remains low despite having some of Africa’s most profitable and well capitalised companies.
Adeosun stated this while speaking on the issue of taxation and revenue leakages at a tax conference organised by the Organisation for Economic Cooperation and Development at the UN Headquarters in New York
The Head, Organisation for Economic Cooperation and Development Global Forum on Exchange of Information, Monica Bhatia, stated this following a meeting with Nigeria’s Minister of Finance, Kemi Adeosun
The Minister of Finance, Kemi Adeosun, said in an interview with the News Agency of Nigeria in New York that Nigeria was among the lowest tax-paying countries in the world