The Federal Inland Revenue Service, FIRS, says it will soon begin collection of Value Added Tax, VAT, on online transactions. The chairman of the agency, Babatunde Fowler, made the disclosure in an interview with the News Agency of Nigeria in New York on Saturday. Mr Fowler said: “soon, we will ask banks
Tag: FIRS
Diversification of the economy: Tax as a pathway to economic growth
Ayobami Akanji Taxation is the price which civilized communities pay for the opportunity of remaining civilized - Albert Bushnell Hart Nigeria has always been the victim, if she wasn't being suffocated to death by bad and directionless leadership, she would be exploited by tax evaders. Or a very matching combination of the
How Presidency illegally moved N14bn to establish Army Barracks-Report
•DPR, FIRS overpaid N837.082bn 324 MDAs fail to submit their accounts for audit Ndubuisi Francis The audited report of the federal government for the 2016 financial statement from the Office of the Auditor-General for the Federation (OAuGF), Mr. Anthony Mkpe Ayine, has revealed that the presidency illegally withdrew N14 billion from the
Buhari, APC intimidating judges ahead of 2019 elections–Obasanjo
•Says crime, anti-corruption agencies now a witch-hunting tools Jude Johnson The former President of Nigeria, Olusegun Obasanjo has accused the government of President Muhammadu Buhari of intimidating judges to do the bidding of the ruling All Progressives Congress (APC) on election matters. Obasanjo, who has been critical of Buhari lately, also alleged that
VAIDS: FG threatens to expose defaulters
Jude Johnson The Minister of Finance, Mrs. Kemi Adeosun, has warned that wealthy Nigerians, who do not take advantage of the Voluntary Assets and Income Declaration Scheme (VAIDS) to regularize their tax status, would be exposed and face serious consequences. According to her, the Federal Government has compiled data on property, bank
FG investigates over 200 whistleblowing tips on taxpayers
•Suspends 2 tax officials Babatunde Abiodun The Federal Government has begun an investigation into over 200 whistleblowing tips on tax officials and taxpayers which involves under declaration of taxes as well as demand by taxpayers and receipt of gratifications by tax officials. The government through the Federal Ministry of Finance has also commenced the