FIRS earns N4.9tr meets 98% tax target in 2020
ABUJA (Sundiata Post) – The Federal Inland Revenue Service (FIRS) collected N4,952,243,711,728.37 in total tax revenue in the year 2020. This landmark achievement represents approximately […]
Federal Inland Revenue Service
Air fares to drop following VAT removal
Airlines are planning to reduce fares in response to the removal of 7.5 per cent Value Added Tax (VAT). The suspension of VAT from air […]
FIRS creates 35 audit units to Tackle illicit financial flows
In a bid to stem the tide of illicit financial flows out of Nigeria and improve tax compliance rate in the country, the Federal Inland […]
Maina Bought $2m Mansion In Abuja – Witness Tells Court
A witness has revealed how Abdulrasheed Maina, former chairman, Pension Reform Task Team, (PRTT) used stolen money to buy $2 million property in Abuja. This […]
Income Tax Revenue Lags Behind Fed Govt Projections
Amidst various pressures on the Federal Government’s finances and 2020 budget’s revenue estimates, an indication has emerged that the government has already recorded a 25.3 […]
Babatunde Fowler Returns To EFCC After N9.2bn Was Traced To His Account
A former Federal Inland Revenue Service boss, Babatunde Fowler is still answering questions over billions traced to his account. According to DailyPost, Fowler on Monday […]
Fed Govt Considers Another Tax Exemption For Small Businesses
The exemption of small businesses from the payment of tertiary education tax has been proposed in the draft Finance Bill 2020. This was disclosed by […]