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
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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
Malam Sadig Mohammed, the Tax Controller in charge of FIRS Micro and Small Tax Office, Yola, Adamawa State, made the disclosure to NAN on Monday in Yola
This was contained in the Quarterly Revenue Report of the service, which was made available to the News Agency of Nigeria in Abuja on Friday
According to him, the non-oil collection dropped from N155 billion in January to N133 billion in February and further down to N130 billion in March
Briefing State House correspondents after the weekly FEC meeting, the Minister of Finance and Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, said the consultant would plug several of the leakages experienced in the tax collection system and boost national non-oil revenue
He has also asked the court to declare that the procedure adopted by the defendant that led to the termination of his employment on July 13, 2010 was unlawful, illegal and in bad faith
The Chairman of the five-man tribunal, Kayode Sofola (SAN), said the
amount represented the company’s education tax liability for 2008
The statement said: “At the Regional Enlarged Management Meeting in Lagos on Thursday FIRS Management team’s strategy was on how to achieve the targets of the service