Tunde Fowler, Chairman, Federal Inland Revenue Service (FIRS) has announced the possibility of the agency to increase the country’s tax base by over 100 percent to 45 million before the end of Q3 2019, a target which would hopefully expand the country’s low tax revenues. Nigeria’s has a low tax base currently put at about …
The Federal Government has cleared the N135.8bn Pay-As-You-Earn tax liabilities owed by federal Ministries, Department and Agencies to state governments. The PAYE tax liabilities owed to various state governments covered the period between 2002 and 2016. The Executive Chairman, Federal Inland Revenue Service, Mr Babatunde Fowler, confirmed the payment on Monday in Abuja at the …
The new national Taxpayer Identification Number (TIN) registration system and consolidated tax database will ensure value addition to tax revenue administration and facilitate the ease of doing business, the Federal Inland Revenue Service (FIRS) has said. The system, which consolidates individual and corporate taxpayers’ records, provides a unique identity to the taxpayer as the foundation …
How new national tax system will boost revenue, grow businesses – FIRS Read More »
President Muhammadu Buhari has directed all business data generating agencies in the country to furnish the Joint Tax Board (JTB) with all vital information necessary for its activities. This is as the Federal Inland Revenue Service (FIRS) plans to get 45 million Nigerians into the tax net by September. Vice President Yemi Osinbajo, who dropped …
Buhari orders agencies to work with new Joint Tax Board Read More »
The Vice President, Pest Control Association of Nigeria (PECAN), Mr. James Erondu has said many of its members have been running their companies at a loss due to multiple taxation and extortion. He therefore appealed to the Lagos State government to call its tax agents to order and put an end to the extortion. Speaking …
PECAN urges government to curb multiple taxation. Read More »
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