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Federal Inland Revenue Service

FIRS earns N4.9tr meets 98% tax target in 2020

January 19, 2021 Ebere 0

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 […]

Air fares to drop following VAT removal

January 12, 2021 Admin5 0

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

January 11, 2021 Admin5 0

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

December 4, 2020 Admin 0

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

November 23, 2020 Admin5 0

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

November 17, 2020 Admin 0

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

November 16, 2020 Admin5 0

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 […]

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