The notice of the sack was contained in a memo dated March 24, 2020, titled: “Notification,” signed by the FIRS Executive Chairman, Muhammad Nami, and obtained by The Eagle Online on Wednesday
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The Federal Inland Revenue Service has collected the sum of N338.1 billion revenue for January 2020 as against N620.2 billion tax target for the month.
The Federal Inland Revenue Service on Saturday debunked rumours that its staff has tested positive to coronavirus.
The Federal Inland Revenue Service said it would rake in N4 billion as tax revenue from the extractive sector of the Nigerian economy in the 2020 fiscal year.
The Lagos State Government has reiterated that there is currently no multiple taxation in Lagos State revenue system.
The Federal Inland Revenue Service says non-discretionary tax waiver grants, illicit financial flows abroad and high overhead costs are responsible for not meeting revenue targets in recent times.
The Federal Inland Revenue Service says it is working towards blocking about $10 billion tax leakages by multinational corporations operating in the country who engaged in illicit profit shifting.
Muhammad Nami, the Chairman, Federal Inland Revenue Service, says bringing the informal sector to the tax net will tackle budget deficit and increase revenue in the country and Africa.
Nami met with the Management and Staff of the Service and assured them that he would work with them to achieve President Muhammadu Buhari’s aim of appointing him.
The Senate on Wednesday confirmed the nomination of Muhammad Nami as the Executive Chairman, Federal Inland Revenue Services and 13 others as board members.