FIRS Charges VAT On Online Transactions January 2020 —Fowler

The Federal Inland Revenue Service (FIRS) has said that it would start charging Value Added Tax on online transactions, both domestic and international, with effective from January 2020. The Executive Chairman of FIRS, Mr Tunde Fowler, disclosed this at the African Tax Administration Forum Technical Workshop on VAT on Monday in Abuja. Fowler said that […]

FIRS Gets N23b Unpaid Tax From Corporate Firms

The Federal Inland Revenue Service (FIRS) has generated over N23billion in unpaid taxes from the recently suspended substitution exercise on corporate bank accounts, marked by the imposition of restriction on the accounts of tax-defaulting organisations. FIRS Chairman, Babatunde Fowler, who spoke in Lagos on Thursday at the Manufacturers Association of Nigeria (MAN) Interactive Forum on […]


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 […]