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Category: FIRS

FIRS THREATENS TO INVADE TAX DEFAULTERS’ ACCOUNTS AND SEIZE THEIR MONEY IN 30 DAYS

Posted onSeptember 13, 2019September 13, 2019

September 13, 2019 The Federal Inland Revenue Service (FIRS), on Thursday said it had given tax defaulters a 30-day window to regularise their tax status. It added that failure would lead to forfeiture of the tax equivalent directly from their bank accounts to the Federal Government. Read More …

CategoriesFIRSTagsFIRS, TAX, TAX DEFAULTERS

FIRS FIXES DATE FOR COMMENCEMENT OF TAX ON ONLINE TRANSACTION

Posted onAugust 26, 2019August 26, 2019

The Federal Inland Revenue Service (FIRS) says it will begin to impose Value Added Tax (VAT) on online transactions, both domestic and international, from January 2020. The chairman of FIRS, Tunde Fowler, disclosed this at the African Tax Administration Forum (ATAF) Technical Workshop on VAT on Monday Read More …

CategoriesFIRSTagsFIRS

BABATUNDE FOWLER REPLIES ABBA KYARI, EXPLAINS VARIATIONS IN REVENUE

Posted onAugust 19, 2019August 19, 2019

by Sodiq Yusuff The recession experienced by the Nigerian economy in 2016 as well as lower oil prices affected the revenue collected by the Federal Inland Revenue Service (FIRS) between 2015 and 2018, Tunde Fowler, the chairman, has said. Despite the challenges, Fowler explained, non-oil Read More …

CategoriesFIRSTagsAbba Kyari, FIRS, FOWLER

FIRS SPEAKS ON PROBING BABATUNDE FOWLER, FIRS BOSS

Posted onAugust 19, 2019August 19, 2019

The Presidency on Monday said that the chairman of the Federal Inland Revenue Service, Babatunde Fowler, was not under any probe. In a statement on its verified Twitter handle, the Presidency dismissed stories of the alleged probe. The statement as shared on Twitter read, “Following Read More …

CategoriesFIRSTagsFIRS, FOWLER

EFCC PROBES FIRS OVER 1.2 BIL NAIRA SCAM

Posted onAugust 18, 2019August 18, 2019

As part of its investigation into the N1.2bn duty tour allowance fraud in the Federal Inland Revenue Service, the Economic and Financial Crimes Commission has commenced a forensic analysis of the bank accounts of the staff members. Sunday PUNCH gathered on Friday that EFCC detectives had Read More …

CategoriesFIRSTagsEFCC, FIRS, FOWLER

FIRS STAFF ATTACK FOWLER OVER MISAPPROPRIATION

Posted onJune 11, 2019June 11, 2019

Babatunde Fowler, Executive Chairman of the Federal Inland Revenue Service A group, Concerned Staff of FIRS, have petitioned President Muhammadu Buhari over the atrocities and infractions allegedly perpetrated by the Executive Chairman of the Federal Inland Revenue Service, Babatunde Fowler. In an open letter, the Read More …

CategoriesFIRS

FOWLER’S FIRS: A FAIR SCORECARD

Posted onMay 19, 2019May 19, 2019

By ROMANUS MBAH With the prices of oil tumbling drastically to $48.86 per barrel in October 2015, after which it slid further to $44.82 the following month and $37.80 in the last month of the year, the signs were bold signs that Nigeria was facing Read More …

CategoriesFIRS

FIRS MOVES TO COLLECT VAT ON ONLINE TRANSACTIONS

Posted onMay 18, 2019May 18, 2019

The Federal Inland Revenue Service (FIRS) says it will soon begin collection of Value Added Tax (VAT) on online transactions. The Chairman of the agency, Mr Babatunde Fowler, made the disclosure in an interview with the News Agency of Nigeria (NAN) in New York on Read More …

CategoriesFIRS

FIRS GENERATES 1.5TRILLION IN FIRST QUARTER OF 2019 – FOWLER

Posted onMay 18, 2019May 18, 2019

The Federal Inland Revenue Service ((FIRS) generated N1.5 trillion revenue in the first quarter (Q1) of 2019, according to its Chairman, Mr Babatunde Fowler. Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, addressing delegates at a high-level meeting on “International Cooperation to Read More …

CategoriesFIRS, Taxes

1.2BIL NAIRA TAX: FORMER NBA PRESIDENT DRAGS FIRS TO TAX TRIBUNAL

Posted onMay 16, 2019May 16, 2019

The Tax Appeal Tribunal on Tuesday adjourned until July 17, hearing in the suit filed by Joseph Daudu, SAN, challenging alleged N1.2 billion error in taxation. Mr Daudu (appellant) said he was dissatisfied with Federal Inland revenue Service (FIRS) assessments of his Withholding Tax (WHT), Read More …

CategoriesFIRS, Taxation

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