The Peoples Democratic Party has demanded a system-wide investigation into the alleged siphoning of N90 billion from the coffers of the Federal Inland Revenue Service in which top members of the Buhari Presidency and All Progressives Congress have been mentioned.
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Fowler gave the advice on Wednesday at the ongoing 49th Annual Conference of the Institute of Chartered Accountants of Nigeria, where he was the keynote speaker at a panel discussion on FIRS Power of Substitution.
Former Director of Kenya Anti-corruption Commission, Professor Patrick Lumumba, will lead other national and global eggheads to speak at the 49th Annual Conference of the Institute of Chartered Accountants of Nigeria, ICAN which opens Tuesday in Abuja.
The Chairman of the Revenue Mobilisation, Allocation and Fiscal Commission, Chief Elias Mbam, has commended the efforts of the Federal Inland Revenue Service towards revenue generation, stating that the agency contributed 59.7 per cent revenues to the Federation Account in the last 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 have shown.
The Executive Chairman of FIRS, Tunde Fowler, disclosed this at the African Tax Administration Forum Technical Workshop on VAT on Monday in Abuja.
The Chairman of the Federal Inland Revenue Service, Babatunde Fowler, has responded to a query issued to him by President Muhammadu Buhari’s Chief of Staff, Abba Kyari, over dwindling revenue collection under him.
MTN Nigeria, on Friday, admitted to a technical disagreement between it and the Federal Inland Revenue Service on how the 2015 fine should be treated for tax purposes.
Fowler made this known at the Go-Live Ceremony for the New National Tax Identification Number Registration System in Abuja.
The Federal Inland Revenue Service has said that it received from First Bank PLC, purported overbloated turnover of account of a company, Biatemp Ventures Ltd, seeking redress for alleged manipulation of its account.
The two labour unions at the Federal Inland Revenue Service have reassured Nigerians, the Federal Government and FIRS management that they will ensure that the N8.8 trillion revenue target for 2019 is realised.
The Tax Appeal Tribunal, sitting in Abuja on Wednesday, reversed N29.2 million Federal Inland Revenue Service’s imposed as value added tax on Infinity Trust Mortgage Bank.
The Chief Executive Officer of the Nigeria Financial Intelligence Unit, Modibbo Hamman Tukur, has credited the Federal Inland Revenue Service with revolutionising tax administration in the country.
The Chairman of the Federal Inland Revenue Service, Babatunde Fowler, has dismissed reports suggesting that money paid as taxes is missing from the agency’s coffers.
An indigenous company, Biatemp Ventures Ltd. has sued First Bank of Nigeria and the Federal Inland Revenue Services, demanding N25 billion special and general damages over alleged manipulation of its domiciliary account and illegal withholding of its tax clearance certificate.
The Federal Inland Revenue Service says it is determined to recover all revenue accruable to the Federal Government.
The Federal Inland Revenue Service says it is partnering the National Lottery Regulatory Commission on Value Added Tax payment automation for the lottery and gaming sector to boost revenue generation.
The Federal Government has announced plans to charge Value Added Tax on lottery and gaming activities and automate collection from operators in the Lottery Sector.
The Federal Government has announced plans to charge Value Added Tax on lottery and gaming activities and automate collection from operators in the Lottery Sector.
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 it is charged on consumption and capacity to consume.