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Fowler replies FG, Blames Revenue Shortfall on Recession

The Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has blamed the drop in the price of crude oil and recession...

FIRS Boss Not Under Investigation, Says Presidency

The Senior Special Assistant to the President, (Media and Publicity), Mr. Garba Shehu has said, the Chairman of Federal Inland Revenue Service (FIRS), Mr....

FG Asks FIRS Boss Fowler to Explain Tax Revenue Discrepancies

President Muhammadu Buhari has issued a letter to Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, asking him to respond...

Minimum Wage: MAN Faults Buhari Govt over Proposed VAT Increase

The Manufacturers Association of Nigeria (MAN) on Thursday said the proposed VAT rate increment was unfriendly to the manufacturing sector. The Director-General of the association,...

FIRS Refutes Report of 50% VAT Increase

The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet...

FG Declares ‘State of Emergency’ on Revenue Collection

To overcome the “serious revenue challenge” experienced in the 2017 and 2018 budgets implementation, the federal government said on Tuesday it has declared a...

FIRS to Collect FX Tax Debts in Naira at N325/US$

The Federal Inland Revenue Service (FIRS) says it will collect payment for outstanding foreign currency tax liabilities in Naira. According to Taiwo Oyedele, Tax Partner...

FIRS Increases Revenue By 42 Per Cent

The Federal Inland Revenue Service (FIRS), has announced that it realized a total of N2, 529,615,174,601.25 (Two trillion, five hundred and twenty-nine billion, six hundred and...

Fake Tax Clearance Certificates: MDAs to Authenticate Certificates Before Payment –...

The Federal Government has mandated all Ministries Departments and Agencies of government (MDAs) and the Federal Inland Revenue Service (FIRS) to authenticate all Tax...

FG to Present Certificates to TaxPayers Under VAIDS

The Federal Government has approved the issuance of a Declaration Certificate to taxpayers under the Voluntary Assets and Income Declaration Scheme (VAIDS). The Declaration Certificates,...
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