Babatunde-Fowler

FIRS Sets N8 Trillion Revenue Target In 2019

The Chairman, Federal Inland Revenue Service (FIRS), Mr Tunde Fowler has disclosed that the agency has given itself a target of N8 trillion revenue in 2019. To this end, it called on all taxpayers and other stakeholders to support the drive to make the target achievable. The FIRS boss who disclosed this at the organisation’s […]

2018:FIRS To Hit N5.3tri Revenue

The Federal Inland Revenue Service (FIRS) is expected to generate N5.3trillion revenue by the end of this year. Already, as at the second week of this month, FIRS has generated N5 trillion. Executive Chairman, Mr. Tunde Fowler, in a statement explained that if the agency succeeds  in pooling the N5.3 trillion revenue, it will mark […]

Babatunde-Fowler

FIRS Recovers N3.63 Billion From Illicit Financial Flows

The Federal Inland Revenue Services (FIRS) said it recovered about N3.63 billion by curbing Illicit Financial Flows between January 2017 and August 2018 in the country. The Executive Chairman of the FIRS, Tunde Fowler, said this on Thursday in Abuja at the Inter-Ministerial African Union High Level Panel on Illicit Financial Flows (IFFs). Mr Fowler […]

FIRS Rakes In N13b From Billionaire Tax Debtors

Less than a month after it commenced substitution of accounts of recalcitrant billionaire taxpayers, the Federal Inland Revenue Service (FIRS) has collected over N12.66 billion in tax revenue. The Executive Chairman, FIRS, Tunde Fowler, disclosed this at the weekend when he received the new Minister of Finance, Hajia Zainab Ahmed, during her visit to FIRS […]

FIRS To Raise Tax-To-GDP Contribution By 20%

The Federal Inland Revenue Service has expressed its commitment to increase government’s revenue through taxation by 20 per cent before the end of the 2018 financial period. As part of efforts to achieve this target, the FIRS said it had started introducing some initiatives, according to a communiqué issued after a recent meeting of the […]

Babatunde-Fowler

FIRS Generates N1.17 Trillion In Three Months

The Federal Inland Revenue Service generated a total of N1.17 trillion in the first quarter of this year from the collection of various taxes, according to a document in the possession of our correspondent. This was a significant rise over the N778.19 billion recorded in the corresponding period of 2017. According to a letter written […]

Babatunde-Fowler

FIRS Realises N4.03tn From Tax In 2017

Over N4.03 trillion was collected as revenue in 2017 as the Federal Inland Revenue Service (FIRS) recorded 82.38 percent success in its projected income of N4.89 trillion for the year. However, the revenue is N720 billion more than the 2016 total collection figure of N3.3 trillion. Details of sectorial contributions showed that taxes from non-oil […]

Senate report indicts NNPC, FIRS, Customs, others

…Claims revenue-generating agencies under-remitted N1.7trn in 4yrs  …NNPC operated N3.1trn deficit Shocking revelations emerged at the Senate, yesterday, that almost all  various federal revenue-generating agencies have short-changed the Federal Government to the tune of N1.7 trillion, through under-remittance of revenues generated between 2012 and 2016. It was also discovered that the Nigerian National Petroleum Corporation […]

Babatunde Fowler

FIRS generates N2.5 tr from taxes in eight months

The Federal Inland Revenue Service on Tuesday said it generated a total of N2.51tr from taxes for the federation between January and August this year. The Executive Chairman, FIRS, Mr. Tunde Fowler, said this in Abuja at the 20th anniversary lecture and awards of the Finance Correspondents Association of Nigeria. Out of the amount, he […]

FIRS, others share data of high income earners

The Joint Tax Board (JTB) and the Federal Inland Revenue Service (FIRS) have started sharing data of high net worth individuals to profile income earners and taxpayers and get them to pay appropriate taxes. Twelve states have signed the Memorandum of Understanding (MoU) under the Voluntary Assets and Income Declaration Scheme (VAIDS). The JTB also […]