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 and …
VAIDS: NASME Chief Urges Small Business Owners to Avoid Tax Prosecution Read More »
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 trillion …
FIRS Targets N5trn Tax Revenues In 2018 – Fowler Read More »
The Chairman of the Federal Inland Revenue Service, Tunde Fowler, has said that of the N9.3 trillion 2018 federal budget, FIRS intakes will account for N4 trillion. Fowler also said the service is on course to achieve its target of N5 trillion from taxes in the 2018 fiscal year. Disclosing this in an interview on …
FIRS Will Contribute Over N4t To 2018 Budget – Fowler Read More »
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 the …
Dapo Abiodun smiles again, bags doctor of finance degree Read More »
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 will …
The Federal Inland Revenue Service (FIRS), Joint Tax Board (JTB) and the Small and Medium Enterprises Development Agency (SMEDAN) have sensitised Business Membership Organisations (BMOs) on tax payment and their rights as taxpayers, in a move aimed at stimulating the economy. The Executive Chairman of FIRS and Chairman, JTB, Tunde Fowler, said the Micro, Small and …
The Corporate Affairs Commission (CAC) says it is committed to improving the country’s ease of doing business to drive economic rebound and growth. Lady Azuka Azinge, Acting Registrar-General, CAC, made the assertion during CAC Quarterly Customers’ Forum on Wednesday in Lagos. She said that the commission’s goal was to enable more businesses, especially for the …
CAC restates commitment to ease business registration process Read More »
Three revenue generating agencies of the federal government: Nigeria Customs Service (NCS), Federal Inland Revenue Service (FIRS) and Nigerian National Petroleum Resources (through the Department of Petroleum Resources) have all received cumulative sum of over N191.34 billion as cost of revenue collection in the last 14-months. The FIRS got N100.642 billion out of the whole …
FIRS, Customs, NNPC Receive N191.34bn For Revenue Generation Cost Read More »
The Chartered Institute of Forensic and Investigative Auditors has called on the Federal Government to raise the audit standards in the country so as to curb the high level of fraud in the country’s financial system. The President of the institute, Victoria Enape, who said this in Abuja, noted that the move would inspire public …
‘Raise audit standards to prevent fraud in banks, others’ Read More »
Recently the chairman, Lagos Internal Revenue Service, Mr Ayodele Subair, spoke about the technology application in the collection of the state’s consumption tax, saying it is targeted at improving efficiency while plugging leakages. Excerpts REFLECTING on your consumption tax you recently unveiled an e-payment platform. Can you shed more light on it? It’s an electronic …
We want to improve efficiency in collection of consumption taxes – LIRS boss Read More »
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