Tag: FIRS
The Federal Inland Revenue Service (FIRS) says non-discretionary tax waiver grants, illicit financial flows abroad and high overhead costs are responsible for not meeting revenue targets in recent times. SEE ALSO: https://www.businesstimesng.com/vat-exemption-basic-goods-boost-economy/ The service made this ...
The Federal Government earned N311.94bn VAT between April and June, according to the National Bureau of Statistics (NBS). The figure trumped the record of the first quarter of the year, January to March, which was ...
Global auditing firm, KPMG, has berated the Federal Inland Revenue Service for freezing bank accounts of suspected tax defaulters. KPMG said giving fiats to banks to freeze the accounts contravene the Companies Income Tax Act. ...
The Nigerian Research Tax Network (NRTN), says rigorous research that can inform both tax policy and practice is key to raising increased tax revenue in an equitable manner without impeding economic growth. The Coordinator of ...
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