Proposed increase in VAT: Senate to invite Finance Minister, FIRS Chairman
The Chairman of the Committee, Senator Solomon Adeola, made the disclosure in a statement issued by his Media Adviser, Kayode Odunaro, in Abuja on Thursday.
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Tag: Federal Inland Revenue Service
FIRS generates N311.94b VAT in three months
The Federal Inland Revenue Service generated N311.94 billion as revenue between April and June 2019 through the collection of Value Added Tax, statistics provided by the National Bureau of Statistics ...
Fowler/Presidency Exchange: Understanding the issues, by Justus Soweibo
The dip in revenue had such an adverse impact, which the country’s previous economic managers never envisaged or ignored
Breaking: Why we queried FIRS boss, Babatunde Fowler — Presidency
The Presidency’s position was contained in a statement by the Senior Special Assistant to President Buhari on Media and Publicity, Mallam Garba Shehu
Buhari queries Fowler over poor FIRS revenue collection, says PDP years better
The query was issued to Fowler on behalf of Buhari by his Chief of Staff, Abba Kyari
JTB unveils South-West TIN, targets 45m taxpayers by Q3 – Fowler
The Joint Tax Board Chairman, Tunde Fowler, on Thursday unveiled the South West Regional National Tax payer Identification Number.
FIRS to impose VAT on online transactions – Fowler
The Federal Inland Revenue Service says it will soon begin collection of Value Added Tax on online transactions.
FIRS posts N1.5t revenue in Q1 of 2019, Fowler says
The Federal Inland Revenue Service generated N1.5 trillion revenue in the first quarter of 2019, according to its Chairman, Babatunde Fowler.
FIRS targets N750b from millionaire tax debtors
The Federal Inland Revenue Service expects to pull in about N750 billion from about 55,000 millionaire tax debtors. This was made known on Monday in Abuja by the FIRS Chairman, ...
Fowler clarifies position on increase in VAT
The Executive Chairman, Federal Inland Revenue Service, Tunde Fowler, has stated that Value Added Tax is primarily designed to support poor Nigerians and not to create hardship for them, as ...
FIRS refutes report of 50% VAT increase
The Federal Inland Revenue Service on Wednesday refuted report of planned increment of Value Added Tax by 50 per cent to meet up payment of the newly proposed minimum wage.
Breaking: FG to Nigerians: Be ready for VAT increase
The Chairman of FIRS, Babatunde Fowler, dropped the hint when he appeared alongside other top officials in the Federal Ministry of Finance before the Senate Committee on Finance in Abuja
FIRS generates N12.6t revenue in three years
The Federal Inland Revenue Service said it generated N12.62 trillion revenue from tax in the last three years.
Breaking: FG, States, LGs share revenue for January
The breakdown was contained in a communiqué issued by the Technical Sub-Committee of the Federation Accounts Allocation Committee at the end of its February meeting
Non-oil sector contributes 54% of N5.32t 2018 revenue- FIRS
The Federal Inland Revenue Service on Thursday disclosed that the non-oil sector contributed about 54 per cent of the N5.32 trillion revenue it generated in 2018.
FIRS directs banks to lift lien on tax defaulters’ accounts
The Federal Inland Revenue Service has written to banks directing them to lift the lien on tax defaulters' bank accounts for 30 days.
FIRS to go after 40,000 millionaire tax defaulters in 2019, recovered N23b in 2018
Wahab Gbadamosi, the Head Communications and Servicom Department of FIRS, disclosed this in a statement in Abuja on Thursday
Police dispel news of attacks on Kaduna-Abuja highway
The Police Command in Kaduna State on Thursday dismissed as fake, news circulated on social media advising commuters not to travel through Kaduna -Abuja highway because of alleged attacks on ...
FIRS targets N8.3t revenue from tax in 2019, makes history with 2018 collection
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.
FIRS generates N4.3t tax revenue from January to October — 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.
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