The Federal Inland Revenue Service (FIRS) is working closely with Ministries, Departments and Agencies (MDAs) to increase the rate of compliance with the remittance of Pay-As-You-Earn (PAYE) tax and block loopholes being exploited by the MDAs to pay lesser tax than they should pay under the Progressive Tax System which Nigeria operates. Chairman, FIRS, Mr […]
The Kaduna State Internal Revenue Service (KDIRS), has reopened the Yakubu Gowon Way Branch of First City Monument Bank (FCMB) after it paid 50 per cent of N72 million unpaid tax it owes the state. KDIRS had on Tuesday sealed the premises of Keystone Bank and FCMB in Kaduna metropolis over unpaid taxes to the […]
Days ago, the Head of the European Union Delegation to Nigeria and Economic Community of West African States, Ambassador Michel Arrion raised a pertinent issue regarding Nigeria’s economy, which he said is skewed in favour of the rich at the expense of the poor. According to him, Nigeria is in a serious situation regard- ing […]