Talk about being born with a silver spoon in your mouth: the royal baby of Prince Harry and Meghan Markle will have a particularly glittery one. And US tax authorities will be keen to know how much that utensil is worth. That’s because the baby will have dual nationality: British because of his father and …
The Federal Government, through the Federal Inland Revenue Service, plans to generate N4.3tn from petroleum profit tax and N1.7tn through the Value Added Tax in 2019, The amount is part of the N8.8tn tax revenue needed by the government to finance the 2019 budget. Details of how the revenue would be generated are contained in …
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has disclosed the agency’s plans to charge Value Added Tax (VAT) on gaming activities, as well as automate VAT collection from lottery operators in Nigeria. Are value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each …
Stakeholders Decry FIRS Plan to Commence VAT Collection on Gambling and Lottery games Read More »
The Federal Inland Revenue Service (FIRS) says it is determined to recover all revenue accruable to the Nigerian government. The Executive Chairman, FIRS, Mr Babatunde Fowler, made this known in an address at the ongoing 30th Enugu International Trade Fair, in Enugu state. To achieve the objective, Fowler said it had already listed companies and …
We will recover all revenues accruable to government – FIRS Read More »
The Institute of Chartered Accountants of Nigeria has called on the Federal Government to address some of the gaps identified in the implementation of the ease of doing business reforms. Specifically, it called on the Federal Inland Revenue Service to address the challenges being experienced in its technology infrastructure to make it easier for taxpayers …
ICAN urges FIRS to upgrade electronic tax filing system Read More »
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