Archives Tag: Federal Inland Revenue Service
The Controversy Around the Recent VAT Rate Hike and Citizen Duty
April 19, 2022
Long after the Federal Government mulled the idea of increasing the Value Added Tax (VAT) rate, the Minister of Finance, Hajia Zainab Ahmed, announced on September 11 that the Federal Inland Revenue Service (FIRS) will be increasing VAT from 5% to 7.5% by the year 2020. At a chat with the National Assembly in March, … Continue reading The Controversy Around the Recent VAT Rate Hike and Citizen Duty
By adedoyin
Nigeria Today: Top 5 News Stories, Tuesday, Nov 29th, 2016
April 19, 2022
1. GSM data subscribers in Nigeria will pay for more data as from December 1, 2016, according to a directive issued by the Nigerian Communications Commission. 2. The Executive Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler has said that Nigerians will soon begin to show evidence of tax paying before obtaining new passports … Continue reading Nigeria Today: Top 5 News Stories, Tuesday, Nov 29th, 2016
By ogo-eze
Babatunde Fowler Appointed New FIRS Chairman
April 19, 2022
Dr. William Babatunde Fowler has been named the new Executive Chairman of the Federal Inland Revenue Service (FIRS). This was based on an appointment by President Muhammadu Buhari. Fowler previously served as the Chief Executive/Executive Chairman of the Lagos State Board of Internal Revenue from 2005 to 2014. According to Punch News, the board boosted generated … Continue reading Babatunde Fowler Appointed New FIRS Chairman
By ify
FIRS Collects N1.05 Trillion in First Quarter
April 19, 2022
The Federal Inland Revenue service, FIRS said it collected N1.05 trillion in revenue during the first quarter of 2014. It said the amount exceeded its target for the period by N50.9 billion or 5.06%. This is contained in the quarterly revenue report of the service which was made available to News Agency of … Continue reading FIRS Collects N1.05 Trillion in First Quarter
How To: Get a Taxpayer Identification Number in Nigeria
April 19, 2022
Below are steps to apply for a unique Taxpayer Identification Number (TIN) in Nigeria, the process can be completed in time and is free of charge: – Visit any Tax Authority Office and obtain the relevant application form – Complete the application form and return to the Tax Authority with valid proof of the identity … Continue reading How To: Get a Taxpayer Identification Number in Nigeria
