FIRS

The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly proposed minimum wage. The Head, Communication and Servicom Department, Mr…

As a result of complaints by Nigerians and industry experts, the Federal Inland Revenue Service (FIRS) has written to banks, directing them to lift the lien on tax defaulters’ bank accounts for 30 days. The directive, which takes…

FEDERAL Inland Revenue Service (FIRS) has realised N23 billion from its closer look at the books of over 45,000 tax defaulters, each of which had over N100 million as turnover in their accounts. FIRS Executive Chairman, Tunde Fowler, …

AT the African Union (AU) High-Level Panel on Illicit Financial Flows in Abuja on Thursday, Chairman, Federal Inland Revenue Service (FIRS), Mr. Tunde Fowler disclosed that 114 companies have been handed over to Attorney General of the…

Some members of the Institute of Chartered Accountants of Nigeria (ICAN) have sued the Federal Inland Revenue Service (FIRS) and the Chartered Institute of Taxation of Nigeria (CITN) over the decision of the Service to exclude Chartered…

JUST three weeks after it commenced its substitution of accounts of recalcitrant billionaire taxpayers, the Federal Inland Revenue Service (FIRS), has collected N12.66 in tax revenue. Executive Chairman, FIRS, Tunde Fowler, disclosed…

A noncompliance tax report posted on Monday at the Ebutte-Metta, Lagos office entrance of the China Civil Engineering Constriction Corporation (CCECC) by the Federal Inland Revenue Service (FIRS), was later removed by midday of Wednesday.…

FOLLOWING the ‘no debit’ directive on customers’ accounts given to banks by the Federal Inland Revenue Service (FIRS) and some State Internal Revenue Services (SIRS), finance and taxation experts have called on deposit money…

FORUM of Finance Commissioners at the weekend explained why states have rejected contribution of Nigerian National Petroleum Corporation (NNPC) for May 2018 on three different occasions that Federation Account Allocation Committee…

THE Chairman of the Federal Inland Revenue Service (FIRS), Mr Babtunde Fowler, says with the tax policies put in place by the Federal Government, citizens will soon reap the benefits of paying tax. Fowler gave the assurance when he…