23/03/2018 - Accountancy, Assurance, Audit and Tax Services

Fowler: We’ll soon start selling properties of companies who don’t pay tax

Leave a Comment / Accounting, Audit, Nigerian Tax, Tax / By ORE_NYS

Babatunde Fowler, executive chairman, Federal Inland Revenue Service (FIRS), says the federal government is processing court documents that will allow it sell properties of companies who have been evading taxes. Speaking on Wednesday on The Core, a Channels Television programme hosted by Kadaria Ahmed, Fowler said the N20 billion realised from the voluntary assets and …

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Tax Laws Support VAIDS – Minister Of Finance

Leave a Comment / Accounting, Audit, Investigation, Nigerian Tax, Tax / By ORE_NYS

Minister of Finance, Mrs. Kemi Adeosun, has explained that the Voluntary Assets and Income Declaration Scheme (VAIDS) is underpinned by the existing tax laws in the country. She gave the explanation on Thursday evening while speaking on Channels Television’s Core programme. According to the minister, VAIDS is a tax amnesty scheme, which offers people with …

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VAIDS: Fear Of Prosecution Grips Tax Debtors

Leave a Comment / Accounting, Audit, Nigerian Tax, Tax / By ORE_NYS

With less than a week to the end of the period afforded tax debtors to declare their indebtedness by the Voluntary Assets and Income Declaration Scheme (VAIDS), individual and corporate tax debtors have been approaching federal and state tax authorities to seek information on how to declare their previously unpaid taxes before the window shuts …

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FIRS records four million new taxpayers, N700 billion revenue increase in 2017 – Fowler

Leave a Comment / Accounting, Nigerian Tax, Tax / By ORE_NYS

The Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, said the Service recorded four million new taxpayers, including companies and individuals, resulting in N700 billion increase in revenue in 2017. Mr. Fowler said this at the 13th General Assembly of the West African Tax Administration Forum (WATAF) with the theme: “Enhancing the Revenue Potential of …

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March 23, 2018