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Citizens To Reap Benefits Of Tax Payment – Fowler

 July 5th, 2018  | Accounting, Audit, Nigerian Tax, Tax

The Chairman of the Federal Inland Revenue Service, Babtunde Fowler, says with the tax policies put in place by the Federal Government, citizens will soon reap the benefits of paying tax. Fowler gave the assurance when he addressed State House correspondents after he briefed the Federal Executive Council on activities of FIRS on Wednesday atRead More

VAIDS: FIRS to publish list of defaulters, mid July

 July 5th, 2018  | Accounting, Audit, Nigerian Tax

Federal Inland Revenue Services (FIRS), Wednesday said it will publish the list of tax defaulters mid July following the commencement of compilation of data on tax defaulters, as the deadline given for the Voluntary Assets Income Declaration Scheme (VAIDS) policy expired on June 30. Chairman of the FIRS, Babatunde Fowler, gave this indications after a session with theRead More

VAIDS: NASME Chief Urges Small Business Owners to Avoid Tax Prosecution

 July 4th, 2018  | Accounting, Audit, CAC- Corporate Affairs, Investigation, Nigerian Tax, Tax

As the June 30, 2018 deadline for the Voluntary Asset and Income Declaration Scheme (VAIDS) inches closer, those in the Micro, Small and Medium Enterprises (MSMEs) sector of the economy have been urged to take advantage of the scheme to regularise their taxes in order to avoid prosecution. President of Nigerian Association of Small andRead More

FIRS Targets N5trn Tax Revenues In 2018 – Fowler

 July 4th, 2018  | Accounting, Audit, CAC- Corporate Affairs, Investigation, Nigerian Tax

The Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has assured Nigerians that his agency to contribute more than N4 trillion to revenue projections in the 2018 Budget of the federal government which was signed by the president last week. President Mohammadu Buhari signed an annual budget with an expenditure profile of N9.12 trillionRead More

Dapo Abiodun smiles again, bags doctor of finance degree

 July 4th, 2018  | Accounting, Audit, CAC- Corporate Affairs, Investigation, Nigerian Tax, Tax

Oil magnate and socialite, Dapo Abiodun, has cause to smile again months after he lost his son, Olu in very mysterious circumstances. Dapo, who is the chairman of Corporate Affairs Commission, was recently conferred with a honourary doctorate degree in Finance by the Ekiti State University, Ado Ekiti during the 23rd convocation ceremony of theRead More

Acting CEOs in 50 agencies

 July 4th, 2018  | Accounting, Audit, CAC- Corporate Affairs, Nigerian Tax, Tax

Daily Trust reported last week that about 50 federal agencies are presently being run by acting Chief Executive Officers [CEOs] months or years after their substantive heads either retired or were sacked. This situation does not portray government in good light, coming as it does eight months after President Muhammadu Buhari announced that he willRead More

NIA generates over N1.5b from tax refunds, contributions

 July 4th, 2018  | CAC- Corporate Affairs

The Nigerian Insurers Association (NIA) has secured a tax refund of over N1 billion in the year 2017. Besides, the umbrella body of all the operating insurance companies across the country, received a total contribution of over N500 million within the period under review. The immediate past Chairman of the association, Eddie Efekoha, disclosed theRead More

Businesses to improve as FG cuts tax for SMEs

 June 13th, 2018  | Tax

Last week, the Minister of Finance, Mrs Kemi Adeosun, disclosed that the Federal Government is proposing an amendment to the Company Income Tax aimed at reducing the Right of Tax on Micro, Small and Medium Enterprises (SMEs) from 20 to 15 per cent. She said the proposal, when approved, would also promote Micro, Small andRead More

VAIDS: Avoid Last Minute Rush—FIRS Boss Begs Nigerians

 June 12th, 2018  | National News, Tax

  Executive Chairman of Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has urged Nigerians to quickly regularise their tax payment before the tax amnesty period closes on Saturday, June 30, 2018. On July 1, 2017, the federal government opened a grace period for citizens to voluntarily regularise their tax payment without punishment. It calledRead More

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