Tag Archives: FIRS

Despite crude oil prices selling below $50 per barrel most of the year, Federal Inland Revenue Service (FIRS) was able to generate N3.303 trillion by the end of 2016. Executive Chairman of FIRS, Mr Tunde Fowler who disclosed this at the opening of a five-day journalism training on taxation in Abuja on Monday said it happened because of certain innovations …

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Panel seeks merger of Customs, FIRS To ensure accountability and improve revenue generation, the National Tax Policy Review Committee has advised the Federal Government to merge the Federal Inland Revenue Service (FIRS) and Nigeria Customs Service (NCS). Presenting draft of the policy at the Committee’s second stakeholders engagement in Abuja on Tuesday, West Africa Tax Leader of PricewaterhouseCoopers, Mr Taiwo Oyedele, explained that …

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Against the multiplicity of tax regime in the domestic economy, speakers at the 8th Wole Soyinka Centre Media Lecture Series have charged the Federal Government on the need to ensure an inclusive, simplified and automated tax regime in the country. The lead speaker, Adebimpe Balogun, who was the first female president of the Chartered Institute of Taxation of Nigeria (CITN), …

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The Federal Government said, yesterday, that procurement procedure and low revenue were responsible for the delay in capital releases to service the 2016 Budget. The Minister of Budget and Planning, Senator   Udoma Udoma, disclosed this, in Abuja, while briefing the Sen. Danjuma Goje-led   Senate Committee on Appropriations, on the  2016 budget implementation. He lamented the level of performance …

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