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Taxation Remains The Country’s Lifeline For Development, Says FIRS
Dr Babatunde Fowler, Chairman Federal Inland Revenue Service, says taxation remains the country’s lifeline for economic development.
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Tag Archives: FIRS
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 a lot of countries in …
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Nine Top FIRS Officials In EFCC Custody Over Alleged Multi-Billion Naira Fraud
Nine senior officials of the Federal Inland Revenue Service (FIRS) are currently in detention over alleged multi-billion naira fraud.
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FIRS Discovers 55,000 Tax Defaulters
The Federal Inland Revenue Service (FIRS) has disclosed that it recently discovered not less than 55,000 tax defaulters from the bank accounts substitution initiative that it embarked upon earlier this year.
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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 Tax Matters as guest speaker, …
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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 2019 management and stakeholders’ retreat, …
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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 the highest revenue ever generated …
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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 said the FIRS had made …
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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 headquarters in Abuja. Fowler spoke …
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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 Joint Tax Board. Part of …
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