Tag Archives: VAT

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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Fed Govt targets N1.8tr from VAT

The Federal Inland Revenue Service (FIRS) is projecting N1.8 trillion Value Added Tax (VAT) collection for the 2017 fiscal year. FIRS Executive Chairman Tunde Fowler announced this yesterday in his 2017 budget presentation… before the Senate Committee on Finance. The FIRS boss told the committee that the budget focused on capacity to increase VAT and other non-oil revenue. Advertisement He …

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Customs revenue generation drops by N53bn in six months

Customs revenue generation drops by N53bn in six months FRIDAY EKEOBA The Nigeria Customs Service (NCS) has generated a total of N385.7 billion between January and June this year, compared to N438.7 billion same period in 2015. Public Relations Officer (PRO) of NCS, Wale Adeniyi, disclosed this to the News Agency of Nigeria (NAN) in an interview on Monday in …

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