Few days after being accused of refusing to remit over N2tn said to have been seized from corrupt public officeholders, the Economic and Financial Crimes Commission has been linked to another scandal following the revelation that the commission recovered over N1.7bn from 15 companies for the Federal Inland Revenue Service but failed to remit same …
The court ordered that the forfeited sum be deposited in the Treasury Single Account of the Federal Government. A Kano division of the Federal High Court has ordered an interim forfeiture of the sum of N1,000,494,000, suspected to belong to former First Lady, Patience Jonathan, to the Federal Government. According to an investigation conducted by …
FG secures N1bn EFCC traced to Patience Jonathan Read More »
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 »
Recently, the Federal Government of Nigeria introduced the voluntary assets and income declaration scheme (VAIDS), encouraging Nigerians to declare their tax liabilities in exchange for amnesty. Most Nigerians have a perception of tax as part of several official legislations used by public officials to proverbially rob Peter to pay Paul. Moreover, they view taxation with …
Risk management in tax administration: Sn examination of VAIDS, WHT and VAT Read More »
The Nigerian Investment Promotion Commission (NIPC) was established to coordinate and promote investments in Nigeria. In this regard, the NIPC is inviting investors to submit a specially designed form to enable it update its database of investment opportunities in Nigeria, starting with the following sectors: agriculture and agro-processing, manufacturing, gas, solid minerals, power, ICT, and …
NIPC invites investors to submit their business profiles for investment opportunities Read More »
The Federal Inland Revenue Service (FIRS) in its bid to continuously provide online real-time tax payment transactions, provided the online payment platforms and applicable payment options for taxpayers. The various platforms ensure transparency in tax payment system, boost taxpayer confidence, trust in the tax system and promotes voluntary compliance by taxpayers”. Electronic Payment Initiatives: The …
FIRS; Simplifying Tax Compliance Through ICT Initiatives Read More »
The Federal Inland Revenue Service (FIRS), yesterday in Lagos sealed off the premises of two companies for their failure to pay taxes. The Assistant Manager (Legal), FIRS, Ruth Mandeun, who led the FIRS enforcement team, sealed Giandan Nigeria Limited situated in Lagos over tax debts totaling N47.779 million and also sealed Justeen International Limited over …
FIRS seals two firms over N72.558 million tax debt Read More »
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