Data from the 36 States Internal Revenue Service (SIRS) as at November 2016 shows that 13,034,222 million individuals and enterprises pay taxes regularly.
The executive chairman, Federal Inland Revenue Service (FIRS) and chairman, Joint Tax Board (JTB), Tunde Fowler, made this disclosure in Abuja yesterday.
He said Lagos State tops the list with 4,088,128 million taxpayers, while Gombe State, the lowest, has 33,000. Breakdown of the data reveals that 8,550,643 million individuals pay taxes as well as 4,483,579 million enterprises.
The FIRS boss […]
The Executive Chairman of the Federal Inland Revenue Service, Dr. Babatunde Fowler, on Monday said soon Nigerians might begin to show evidence of tax payment before obtaining their passports.
Fowler said this in Abuja at the 136th meeting of the Joint Tax Board, which had the theme: “Increased Inter-Agency Co-operation to Enhance Tax Compliance and Optimise Revenue Collection,”
Fowler said: “We did take a position and I believe it would be implemented in the very near future that before you get any […]
According to reports, the Senate on Thursday rejected the report of its Committee on Finance on the 2016 Budget of the Federal Inland Revenue Service over ambiguity.
The upper chamber dumped the budget proposal after careful consideration of recommendations of its Committee on Finance, headed by Senator John Enoh, representing Cross River Central Senatorial District.
The total budget proposed by the FIRS is N143 billion and the Committee submitted same amount for approval of the Senate.
The 2016 FIRS Budget shows an increase […]
The move by the Federal Inland Revenue Service (FIRS) to put an end to excessive tax liabilities by corporate bodies across the country continued yesterday as it grounded business activities in some companies in Lagos, Enugu and Abuja over tax debts totalling N368.11 million.
In Yaba, Lagos, the office of Courteville Business Solutions Plc. was shut over a tax debt of over N313 million. A company official told the FIRS team that he was aware of the company’s debt but not […]
It was gathered that the Federal Inland Revenue Service (FIRS), yesterday, ramped up its tax enforcement drive when its teams shut down the premises of companies with tax liabilities in Warri, Lagos and Ilorin.
In Warri, Delta State, the enforcement team visited two companies including JAD Construction, where the FIRS team evicted all the staff before sealing off the premises for unremitted taxes in excess of N400million, accumulated from 2013.
“These defaulters had the option of clearing the arrears to avoid being […]
The Federal Inland Revenue Service (FIRS) yesterday continued its tax compliance exercise in Abuja and Lagos with the closure of the premises of some companies it said were defaulters.
In Abuja, the FIRS team, led by Mr. Chinazor Edeh, shut down the office of Taleveras, an energy firm operating from the Maitaima area of the city. The agency said the company was owing over N667 million in tax liabilities.
A statement from the agency said that before sealing off the company, Edeh […]
The Presidency yesterday denied alleged secret recruitment of children and cronies of government functionaries at the Central Bank of Nigeria (CBN), Federal Inland Revenue Service (FIRS) and other agencies and parastatals of government, describing such reports as “inaccurate”.
This is even as it gave reasons behind the exclusion of the private sector in the current Economic Management Team (EMT) headed by the Vice President, Yemi Osinbajo, saying the President Muhammadu Buhari administration considers managing the economy its responsibility.
Recent media reports had […]
The Federal Inland Revenue Service, FIRS, enforcement team has sealed up two companies belonging to business mogul, Jimoh Ibrahim due to unpaid tax.
The two companies, NICON Luxury Hotel and NICON Insurance were among others sealed in Lagos, Abuja, Owerri and Kaduna on Thursday.
FIRS Warrant of Distraint revealed that Ibrahim’s NICON Luxury Hotel located in Garki, Area 11, Abuja was sealed off for owing about N392, 623,765.00 in unpaid tax liabilities.
The service claimed the amount was made up of unpaid/unremitted liabilities […]
As part of its staff expansion plan, the Federal Inland Revenue Services (FIRS) has said that it will recruit about 1,250 persons across the states immediately after the budget has been assented to by the President.
This was disclosed yesterday by the executive chairman of Federal Inland Revenue Service (FIRS), Babatunde Fowler, while appearing before the Senate committee on Finance at the National Assembly.
The executive chairman said, “Basically what we are discussing is 2016 budget. And within the budget, we do […]
The new acting chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has barred tax consultants from assessing and collecting tax revenue on behalf of the federal government.
The FIRS boss, who announced this yesterday in Abuja when he met with members of the Joint Tax Board (JTB), said that, henceforth, consultants will be engaged by the FIRS to gather data only.
Fowler said the FIRS had about “1,000 staff in audit function, so you can imagine 1,000 members of […]
Babatunde Fowler, the Executive Chairman Lagos State Board of Internal Revenue and Chief Executive Officer Lagos State Internal Revenue Service is set to be named the Chairman of the Federal Inland Revenue Service (FIRS).
A source close to the Presidency told Newsmen that the giant strides of Fowler in Lagos state has landed him the top job under the administration of President Muhammadu Buhari.
The source said the announcement of Fowler will be made in the next few days, adding that, “it […]