... Seeking the Truth in Facts
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …