FIRS garners N13b from billionaire tax evaders

The Federal Inland Revenue Service (FIRS) has collected over N12.66 billion in tax revenue less than a month after it commenced substitution of accounts of recalcitrant billionaire taxpayers. The Executive Chairman, FIRS, Tunde Fowler, disclosed this at the weekend when he received the new Minister of Finance, Hajia Zainab Ahmed, during her visit to FIRS […]

FIRS identifies 6772 billionaire tax defaulters

The Federal Inland Revenue Service (FIRS) has identified at least 6,772 tax defaulting billionaires through information sourced from their bank accounts data. The FIRS, Chairman, Tunde Fowler, who gave this hint in Lagos at a stakeholders’ forum disclosed that the Service would soon clamp down on the bank accounts of the defaulting billionaire taxpayers for […]

FIRS generates N2.529Trn in six months

The Federal Inland Revenue Service (FIRS) has disclosed that it generated a total of N2, 529,615,174,601.25 from various taxes from January to June this year. A statement issued by the Director, Information of the Federal Ministry of Finance, Mr. Hassan Dodo, on the agency’s revenue collections during the period under review indicated that the amount […]

FG directs MDAs on Tax Clearance Certificates’ verification

The Federal Government has directed all Ministries, Departments and Agencies (MDAs) of government and the Federal Inland Revenue Service (FIRS) to ensure that all Tax Clearance Certificates (TCCs) presented by companies and individuals engaged in public procurement processes were authenticated before paying them. The directive is in response to the proliferation of forged TCCs purportedly […]

FG recovers N30bn from VAIDS, targets 40m taxpayers by 2019

The Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, today disclosed that N30 billion had been recovered under the Voluntary Assets and Income Declaration Scheme (VAIDS) from individuals and organizations so far. Fowler gave this hint at the unveiling of the VAIDS Declaration Certificate in Abuja. According to him, while the FIRS collected […]

FIRS seeks autonomy for states’ revenue agencies

  The Chairman of the Joint Tax Board (JTB) and the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has urged state governors to grant autonomous status to their internal revenue services in order to improve their efficiency and revenue generation capacities. Fowler was quoted by the FIRS’ Director of Communications and Servicom, Wahab Gbadamosi, […]

FIRS, EFCC partner to track tax defaulters as VAIDS ends

The management teams of the Federal Inland Revenue Service (FIRS) and the Economic and Financial Crimes Commission (EFCC) today said they were ready to deepen and strengthen their collaboration to track both individuals and organisations that refused to pay the right taxes. The collaborative plan between the two agencies was confirmed in a statement by […]