They urged the tribunal to direct FIRS to pay them the excess stamp duties and compounded interest at the rate of 20 per cent per annum from January 2003 until date of judgment
Browsing: FIRS
Fowler, without a doubt, is coming into his new job with a stunning resume, forged in 10 years at LIRS, where he masterminded the growth of internally generated revenue of Lagos State from a monthly average of N6 billion to over N20 billion
President Muhammadu Buhari has appointed Dr. William Babatunde Fowler as the Executive Chairman of the Federal Inland Revenue Service. Dr.…
The Federal Government has directed that Nigerian National Petroleum Corporation and other offices funded from the Federation Account be paid…
The Federal Inland Revenue Service said on Thursday in Abuja that it collected N1.85 trillion as tax from the various…
President Muhammadu Buhari on Monday promised Nigerians that his government will ensure strict compliance with financial regulations and administrative…
Nnamdi Ibegbu (SAN), the Acting Chairman of the tribunal, on Wednesday gave the adjournment in order for Hotel Ladon to respond to the FIRS written address
The News Agency of Nigeria reports that Oando had in March 2003 sued FIRS for refusing to amend its assessment on company income tax and education tax for the year 2004
Ogungbesan, a Coordinating Director at FIRS, replaces Alhaji Kabiru Mashi, who has served as acting Executive Chairman of the agency since 2012.
His appointment takes immediate effect
Ogungbesan, a Coordinating Director at FIRS, replaces Alhaji Kabiru Mashi, who has served as acting Executive Chairman of the agency since 2012.
His appointment takes immediate effect
The report showed that the 2014 revenue was about N106 billion less than that of 2013, which stood at N4.80 trillion
Gazprom Oil and Gas had instituted the suit against the Federal Inland Revenue Service over the Value Added Tax re-assessment notices issued the company on March 5, 2013
It said N594.79 billion, representing 49.6 per cent of the revenue, was generated from Petroleum Profit Tax, while N604.43 billion, representing 50.4 per cent, was collected from non-oil taxes
The FIRS team, led by Olugbenga Adepesoye, in a joint operation with the Ekiti State Police Command, arrived the institution around 10:30am and immediately sealed the institution
The FIRS Tax Controller, John Hamman, who spoke on the development in Asaba after the establishment carried out an enforcement operation on the defaulters, said the service under the law has the power to visit, assess the assets of the establishments and prosecute those that failed to comply with the rules governing taxation
Malam Kabiru Manchi, the Chairman of the service, made the plea on Friday while defending a petition brought against the establishment before the Senate Committee on Ethics, Privileges and Public Petitions in Abuja
Messrs Smith Nigeria Limited was convicted for allegedly bribing Ikotun (2nd accused) and some other staff of FIRS to reduce its tax liability assessed at N13,938,985.00 to the sum of N441,653.00 in fraudulent manner
The two-day exercise by the FIRS covered companies such as Baker Hughes, Line Trale, Techno Oil and Heyden Petroleum, all operating in the oil and gas industry
Also arraigned with the FIRS officials before Justice Inyang Ekwo of the Federal High Court, Yenagoa, Bayelsa State for the alleged offence were two members of staff of the Bayelsa State Board of Internal Revenue
The development was revealed in a report submitted to and considered by the National Conference by the Conference Committee on Public Finance