If the FIRS pools N5.3 trillion revenue, that will be the highest revenue ever generated by FIRS in history.
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This was disclosed in a press release signed by Wahab Gbadamosi, Head of Communications and Servicom Department of the FIRS.
Ahmed, during a visit to the Nigeria Customs Service Headquarters on Friday in Abuja, stressed the importance of improving revenue generation to enable Nigeria to achieve its economic objectives.
The Federal Inland Revenue Services said it recovered about N3.63 billion by curbing Illicit Financial Flows between January 2017 and August 2018 in the country.
A statement, signed by Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, in Abuja, said Osinbajo made the announcement in Enugu.
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.
A FIRS statement on Sunday in Lagos said that all banks in the country would do substitution on accounts for such identified taxpayers.
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.
Shittu made the assertion during a Stakeholders Conference organised by NIPOST on Friday in Lagos.
The Federal Inland Revenue Service has continued its enforcement exercise, sealing off tax-defaulting companies in Lagos, Abuja and Benin.
The Transmission Company of Nigeria says it is consistent on its remittances of tax due to the Federal Government through the Federal Inland Revenue Services.
The Director-General of LCCI, Muda Yusuf, also described the new tax revenue recovery strategy adopted by FIRS as damaging to the economy.
The Federal Inland Revenue Service (FIRS) has announced that it realized a total of N2,529,615,174,601.25 (Two trillion, five hundred and twenty-nine billion, six hundred and fifteen million, one hundred and seventy-four thousand, six hundred and one naira, twenty-five kobo) from various taxes from January to June 2018.
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 Chairman of the Federal Inland Revenue Service, Babatunde Fowler, revealed this in Abuja at a VAIDS workshop for state tax boards.
The FIRS Enforcement team, led by the Assistant Manager (Legal), FIRS, Ruth Mandeun, sealed Giandan Nigeria Limited, situated at 21 Ladoke Akintola Street, Ikeja GRA over tax debts totalling N47.779 million.
In Lagos, the FIRS enforcement team on Wednesday sealed the premises of Seabulk Offshore Operations Nigeria Limited at 11A, Grace Anjos Drive in Lekki over a tax debt of N34.546 million.
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.
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The FIRS boss explained that those under the impression that the government will be fazed by an avalanche of litigations that may arise at the closure of the VAIDS window on March 31 are mistaken.