Tag: Tax
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FIRS seals 2 companies over N8bn tax debt in Delta, Edo state
Officials of the Federal Inland Revenue Service (FIRS) on Wednesday sealed two companies in Delta and Edo over N8 billion tax debt. The Leader of the enforcement team, Mrs Anita Erinne, said the companies were sealed over failure to remit over N8 billion taxes payable to the Federal Government. She said that one of the…
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Over 56m Nigerians evade tax – Adeosun
…Says wealthy Nigerians can longer evade tax The Minister of Finance, Mrs. Kemi Adeosun has said it will be difficult for the rich to avoid paying taxes given the plans by the government to widen the tax net and capture all those who should be paying. She expressed regret that no fewer than 56 million…
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Rich can longer escape tax in Nigeria – Adeosun
It will be difficult for the rich to avoid paying taxes given the plans by the government to widen the tax net and capture all those who should be paying, Finance Minister Kemi Adeosun said yesterday in Enugu. She expressed regret that no fewer than 56 million Nigerians, who should be paying taxes, are not…
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Delta Govt takes measures to boost revenue from taxes
Chief David Edevbie, the Delta Commissioner for Finance, says the state’s decision to harmonise taxes and reduce tax consultants is to improve accountability and boost revenue from taxes. Edevbie made this known in an interview with the News Agency of Nigeria in Asaba on Tuesday. He said that the adoption of Electronic Treasury Receipt was…
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Tax: VAIDS writes defaulting wealthy Nigerians, warns of March 31 deadline
The Voluntary Assets and Income Declaration Scheme (VAIDS) office in the Federal Ministry of Finance has identified thousands of tax defaulters across the country and has written to them, requesting compliance before the expiration of the declaration period on March 31. According to the VAIDS office, the defaulters, mostly high net-worth individuals (HNIs), were identified…
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![[BREAKING] Fraud: FG investigates over 200 whistleblowing tips, suspends two senior tax officials](https://thenewsguru.ng/wp-content/uploads/2017/06/Kemi-Adeosun-160416.png)
[BREAKING] Fraud: FG investigates over 200 whistleblowing tips, suspends two senior tax officials
The Federal Government has begun 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 process of sanitising the tax administration and revenue…
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FIRS recorded N4 trillion tax revenue collection in 2017- Fowler
The Chairman of Federal Inland Revenue Service (FIRS), Babatunde Fowler, on Monday said that the agency achieved N4 trillion as tax revenue collection in 2017. Mr. Fowler said this at the FIRS 2018 Management and Stakeholders in Lagos with theme, “Optimizing Tax Administration with Parliamentary Synergy”. The agency recorded N3.3 trillion as revenue collection in…
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Bayelsa revenue board seals NDDC’s office in Yenagoa over N168m tax liability
The Bayelsa Board of Internal Revenue (BIR) on Monday sealed off the office of the Niger Delta Development Commission (NDDC) in Yenagoa over alleged non-remittance of N168 million Pay As You Earn (PAYE) tax liability. The building was earlier sealed off in June 2017 when the liability was N336 million, with the NDDC paying half…
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Tax evasion: EFCC recovers N27.7b from six banks
The Economic and Financial Crimes Commission (EFCC) has recovered over N27.7billion from six banks being unremitted withholding tax on dividends. Also, about seven more banks were said to be on the radar of the anti-graft agency for similar infractions. According to a fact-sheet obtained by The Nation, the EFCC is expecting recovery of more withholding…
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Informal sector wants a more humane tax system
By Toni Iyare Members of the Informal Sector in Lagos state have called for a more humane approach by officials in the collection of taxes and rates. It is also their view that the present taxes and rates are too exorbitant, unjust and burdensome and out of tune to their earning capacity. They also want…