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FIRS

FIRS

BANKING & FINANCE BUSINESS & ECONOMY
The Federal Inland Revenue Service is seeking the support of the Central Bank of Nigeria to track payment of Value Added Tax made electronically by foreign entities that ...
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Budget
BUSINESS & ECONOMY
The Federal Government plans to finance Nigeria’s N1.859tn budget deficit in 2019 by introducing new taxes and adopting a concessionary financing system under its privatisation programme. The government ...
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FIRS
NEWS NEWSLETTER
Individuals and corporate bodies found guilty of tax evasion are to henceforth lose their properties to the federal government, the Chairman, Federal Inland Revenue Services, (FIRS), Babatunde Fowler, ...
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FIRS
NEWS
The Federal Inland Revenue Service (FIRS), on Tuesday, urged Nigerians to brace for an increase in Value Added Tax (VAT) by between 35 and 50 per cent in ...
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FIRS
BUSINESS & ECONOMY
The Federal Inland Revenue Service (FIRS) on Monday arraigned Fortless Global Concept Limited and Everyday Wine Shop and their representatives at the Federal High Court, Abuja on alleged ...
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VAT
MANUFACTURING
The manufacturing sector contributed about N864 billion of the N3.63 trillion generated as Value Added Tax (VAT) from 2013 to 2018, an analysis by the National Bureau of ...
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FAAC
BUSINESS & ECONOMY
The Federation Account Allocation Committee (FAAC), disbursed the sum of N270.17 billion to the Federal Government in January, 2019, the National Bureau of Statistics (NBS) has disclosed. The ...
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FG To Increase Minimum wage to N56,000 by 2017 - NLC
NEWS
Leadership of the Nigeria Labour Congress (NLC) has raised fresh concerns over the proposed national minimum wage, saying there was need for an amendment of the income tax ...
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FIRS
BUSINESS & ECONOMY NEWSLETTER
After a resounding success in 2018 where the total tax revenue generated stood at N5.302 trillion, the management of the Federal Inland Revenue Service (FIRS) has stated that ...
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Tax
BUSINESS & ECONOMY COVER NEWSLETTER
The Joint Tax Board (JTB) yesterday disclosed that Nigeria’s data base of tax payers has expanded from 20 million to 35 million. Mr Oseni Elamah, the Executive Secretary ...
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IGR
BUSINESS & ECONOMY
Babatunde Fowler, Chairman, Federal Inland Revenue Service (FIRS) revealed on Tuesday that Bauchi state as the highest in Internally Generated Revenue (IGR) earner in the North East. He ...
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IGR
BUSINESS & ECONOMY COVER
The indication that state governments in the country are looking inwards to increase their internally generated revenue (IGR) was amplified with the release of the IGR profiles of ...
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Minimum Wage
COVER NEWSLETTER SME Biz
Vice President Yemi Osinbajo on Tuesday announced the Federal Government’s approval of a 90-day special window for business registration at a reduced rate of N5000 only. A statement, ...
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INSURANCE & PENSIONS
The Federal Inland Revenue Service (FIRS) has proposed to the National Assembly to amend Section 16 of the Companies Income Tax Act (CITA) to allow a level-playing field ...
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Babatunde Fowler
BUSINESS & ECONOMY
Babatunde Fowler, executive chairman of the Federal Inland Revenue Service (FIRS), said that 6,772 corporate bank accounts will be frozen for defaulting on tax payments. Fowler told Zainab ...
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BUSINESS & ECONOMY COVER NEWSLETTER
The Nigerian Liquefied Natural Gas (NLNG) has remitted more than $6.5 billion in taxes to Federal Inland Revenue Service (FIRS) since 2009. Mr Tony Attah, Managing Director of ...
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FIRS
BUSINESS & ECONOMY COVER NEWSLETTER
The Lagos Chamber of Commerce and Industry (LCCI), has frowned at the move by Federal Inland Revenue Service (FIRS) to appoint banks as tax collecting agents and subsequent ...
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BUSINESS & ECONOMY COVER
The Senior Manager, Tax Services and Transfer Pricing, Ernst & Young (EY), Temitope Oni, has described the country- by- country reporting (CbCR) introduced in the Nigerian tax system ...
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Senate seeks more support from IMF
BUSINESS & ECONOMY COVER NEWSLETTER
It is not yet over, according to the officials of the International Monetary Fund (IMF), who came to Nigeria on economic assessment, as the touted non-oil sector and ...
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IGR
BUSINESS & ECONOMY NEWSLETTER
The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, says with the tax policies put in place by the Federal Government, citizens will soon reap the ...
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