FIRS announced partnering NLRC on VAT automation to boost revenue

Posted by - April 8, 2019

The Federal Inland Revenue Service (FIRS), has revealed that it is partnering the National Lottery Regulatory Commission (NLRC) on Value Added Tax (VAT) payment automation for the lottery and gaming sector to boost revenue generation. FIRS Boss, Dr Babatunde Fowler, recently said that the agency would deploy technology to make tax payment all inclusive and

FIRS targets N750bn from millionaire tax debtors

Posted by - April 3, 2019

The Federal Inland Revenue Service (FIRS) aims at pulling a total of N750 billion from about 55,000 millionaire tax debtors this year. This was made known recently in Abuja by the FIRS Chairman, Mr. Tunde Fowler, while addressing the House of Representatives joint committees on Finance, Appropriations, Aids, Loans and Debt Management, Legislative Budget and

FIRS recover N23b tax in 2018, to go after 40, 000 millionaire defaulters

Posted by - February 8, 2019

The Federal Inland Revenue Service (FIRS) has announced plans to go after estimated 40, 000 millionaire tax defaulters in 2019 having realised N23 billion from over 45, 000 tax defaulters that had over N100 million as turnover in their accounts in 2018. According to a statement by Mr Wahab Gbadamosi, the Head Communications and Servicom

FIRS, JTB, SMEDAN Begin Sensitisation for SMEs

Posted by - April 19, 2018

The Federal Inland Revenue Service (FIRS), Joint Tax Board (JTB) and the Small and Medium Enterprises Development Agency (SMEDAN) have begun a sensitisation exercise for Business Membership Organisations (BMOs) on tax payment and their rights as taxpayers, a move calculated at stimulating economic growth in the country The Executive Chairman of FIRS and Chairman, JTB,

FIRS Shut Four Firms over N630m Tax Debt

Posted by - July 18, 2017

The Federal Inland Revenue Service on Monday sealed off four companies in Lagos and Port Harcourt over their alleged failure to meet their tax obligations totaling N630m. The affected firms include Charcoal and Spices Restaurant Limited, GRA, Port Harcourt, and Cioscon Nigerian Limited, Aba Road, Port Harcourt. The leader of the FIRS enforcement team, Mrs.