GARBA Abubakar, registrar-general, Corporate Affairs Commission, CAC, has said the organisation raked in more than N19 billion as Internally Generated […]
RTag: Federal Inland Revenue Service
FIRS generates Over N2tn in Seven Months
THE FEDERAL Inland Revenue Service, through tax collections, generated the sum of N2.11 …
VAIDS, A Golden Opportunity for Nigerian Companies to Regularise Tax Affairs
NIGERIAN companies and entrepreneurs that don’t have their tax affairs in order should act …
VAIDS Aims at Correcting Nigeria’s Poor Tax to GDP Ratio – Finance Minister
KEMI Adeosun, minister of Finance, has explained that the newly launched Voluntary Asset …
House of Reps Bill to Grant Amnesty to Treasury Looters
LOOTERS of Nigerian treasury may get “full and complete amnesty” based on a proposed law …
Landmines Before Buhari
As the handover date of May 29, speedily approaches for General Muhammadu Buhari of the All Progressives Congress, to take over the reign of government from President Gooluck Jonathan, there are appear to be some landmines which the incoming administration needs to avoid in order to …
Ogungbesan Is New FIRS Boss
Samuel Ogungbesan, a coordinating director has been appointed by the federal government to replace Kabiru Mashi as executive chairman of the Federal Inland Revenue Service …
Rating Agencies’ Positive Outlook on Nigeria’s Economy
Fitch and Moody’s ratings for Nigeria remain at BB- with stable outlook, as Standard and Poor’s downgrades rating by one notch because of oil price fall …
FIRS to Curb Tax Evasion
THE Federal Inland Revenue Service, FIRS, is putting a mechanism in place to curb tax evasion in the country in order to boost the revenue of government. This mechanism, it said, would plug every loophole and put an end to the problem of dwindling revenue, especially as the cost of crude oil has fallen …
Budget 2015 Hard on the Rich
The federal government envisages a net federally collectible revenue of N6.9 trillion in 2015. Of this, a total of N3.6 trillion is envisaged to fund the 2015 Budget, representing about 3.4 percent drop from N3.7 trillion for 2014 Budget. It has resolved to tax more luxury goods and service to generate more …
SON’s Double Standard
– DANGOTE Group will not compromise on the quality of its products, including cement. The company stated this against the […]
CBN/NNPC Crude Oil Sales Controversy Deepens
– The Nigerian National Petroleum Corporation dismisses allegations by the Central Bank of Nigeria that it fails to account for […]