Federal Inland Revenue Service

The recession experienced by the Nigerian economy in 2016 as well as lower oil prices affected the revenue collected by the Federal Inland Revenue Service (FIRS) between 2015 and 2018, Tunde Fowler, the chairman, has said. Despite the…

The Presidency has, contrary to news making the rounds that the Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, has been queried, it said that the letter sent to him over tax collection variations between 2015 and 2018,…

Nigeria is planning to deduct 5 per cent VAT for every online transaction via bank cards from 2020. The burgeoning digital economy includes e-commerce where Jumia and Konga are playing. We also have the tech space with Flutterwave,…

The National Assembly Joint Committee has raised concern over Federal Inland Revenue Service’s (FIRS) 2019 projected estimate of non-oil revenue tax collection of N146.54 billion. The co-chairman of the committee, John Enoh, and other…

Babajide Okeowo The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Babatunde Fowler, has expressed confidence that the revenue agency will surpass N5.32 trillion revenue collection in 2019. While presenting a…

The National Bureau of Statistics (NBS) said the Internally Generated Revenue (IGR) of 36 states and the Federal Capital Territory (FCT) for fourth quarter 2018 was N324.59 billion compared to N264.34 billion recorded in third quarter of…

Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler,  has reiterated call on eligible citizens to ensure adequate payment of tax to government for enhanced revenue generation. Fowler gave the advice during…

Nigeria’s influential employers union has warned the Federal Government not to go ahead with a proposal to increase the Value-Added Tax (VAT) charged in the country. On March 19, the Federal Inland Revenue Service hinted that it might…

A Federal High Court in Lagos on Wednesday, fixed April 15, to deliver judgement in a suit filed by the Registered Trustees of Hotel Owners and Managers Association in Lagos, challenging the new Hotel Occupancy and Restaurant Consumption…