Tag: FIRS

The former NBA president is challenging the FIRS for assessing him with respect to Withholding Tax and VAT.

RMAFC says it expects to recover more than N100 billion from the probe.

The service has realised N23 billion so far from 45,000 defaulters says an official.

N23 billion was realised from 45,000 defaulter.

"FIRS’ generation of N5.3 trillion is significant as it was at a period when oil prices averaged $70 per barrel."

“Soon, new revenue-generating initiatives would be released, including a new set of taxes and excise duties."

FOI requests seeking information on the disbursement of the funds have remained unanswered.

Mr Fowler lambasts businesses who collect VAT but fail to remit to government coffers.

From Lagos to Ogun, Oyo and Kwara, officials have designed various ways of making illegal money by cheating the system.

FIRS records N90 billion revenue shortfall in May and June.

The FIRS has already met 75 per cent of its target for 2018.

The government is trying to ratify an automatic exchange of information with other countries.

The statement laments the proliferation of forged tax clearance certificates.

Mr Fowler said FIRS collected N1.171 trillion between January and March 2018.

The two agencies pledge to deepen the partnership.

The committee has two weeks to send in its report.

“Payment of taxes is a fundamental requirement for our growth story.”

The affected persons reportedly inundate Nigeria’s finance ministry with calls

About N23 billion has already been generated from the scheme.

State commissioners say they will be able to pay workers before Christmas.

The Scheme was inaugurated in July, 2017.

“Another N6 billion is expected to be paid before the end of December."

The FIRS says it will take legal step to recover tax liabilities of owners.

Revenue targets, oil and non-oil, were not met.

The executive chairman says the agency deployed technology to ramp up more revenue for the nation