The Economic and Financial Crimes Commission has arraigned a former Chairman of the Federal Inland Revenue Service, Babatunde Fowler, over the N100 billion tax evasion allegations levelled against a tax firm, Alpha Beta Consulting. Fowler, who was also a former Chief Executive Officer, Lagos State Internal Revenue Service, responded to an invitation from the EFCC […]
Following the decision of the Nigerian Senate to levy a 9 per cent communication service tax on Electronic Communication Services, the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler, has said that there was no harm in introducing the tax. He also went ahead to berate Nigerians for reacting to the decision of […]
…As States IGR grew by 46.11% to N1.16trn in three years As part of efforts to increase the nation’s revenue through taxation, Federal Inland Revenue Service (FIRS) has said about 45 million Nigerians will be captured as taxpayers before December 2019. Also, the Internally Generated Revenue (IGR) collection at the sub-national level grew exponentially by […]
Philip Clement – Abuja The Federal Inland Revenue Service (FIRS) says it will commence the imposition of value-added tax (VAT) on online transactions, both domestic and international, starting from January 2020. FIRS executive chairman, Babatunde Fowler made this disclosure yesterday at the African Tax Administration Forum (ATAF) technical workshop in Abuja. Fowler acknowledged that many […]
Isaac Oguntoye The 2019 edition of African Business Summit (ABS) and Development In Africa Merits Awards (DAMA) is set to hold this year at the Sheraton Hotel, Ikeja, on the 24th of May 2019. With prominent individuals and companies like Chairman of Federal Inland Revenue Services (FIRS) Babatunde Fowler, Nigeria Stock Exchange Chief Executive, Oscar […]
The Federal Government has recovered about N30 billion from individuals and corporate establishments through the tax amnesty scheme, Voluntary Assets and Income Declaration Scheme (VAIDS). The Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, made this disclosure at the unveiling of the VAIDS Declaration Certificate, on Thursday in Abuja at a Workshop […]
…Why we’re going after illegal varsities – Magu The Economic and Financial Crimes Commission (EFCC) has disclosed that it has recovered N28 billion from tax defaulters on behalf of the Federal Inland Revenue Service (FIRS). In a statement signed by the spokesman of the commission, Mr. Wilson Uwujaren and made available to The Daily Times, […]
Nigeria’s Federal Government has disclosed its plans to recruit 7,500 graduates as Community Tax Liaison Officers across the country. Kemi Adeosun, country’s Minister of Finance alongside Babatunde Fowler, the Chairman, Federal Inland Revenue Service, FIRS who made this known during a press conference in Abuja.The government explained that the recruits will raise tax awareness among […]