Taxpayers’ may stop compliance over none release of funds for capital projects, others
For the first time in Nigeria’s budgetary regime and national planning, current administration of President Muhammadu Buhari’s second term can be said to be the first time the economy has been with a signed national budget, but no release of…
VAIDS only upped tax base, not revenue—FIRS
The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has opened up on the true performance of the Voluntary Assets and Income Declaration Scheme (VAIDS) regime during the first term of President Muhammadu Buhari (2015-2019). In an interview…
Too much money from agro export in the 70s, oil boom killed tax regime—Fowler
…Gives reasons why VAT may be hiked sooner in Nigeria The Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, has given deeper insights on why tax payment compliance in Nigeria is sounding strange to many Nigerians. Besides, he…
FIRS irritates MAN, MSMEs, telecoms for denying multiple taxation in Nigeria
Leading groups that make up the nation’s organized private sector (OPS) including the Manufacturers Association of Nigeria (MAN), operators of micro, small and medium scale enterprises (MSME) and stakeholders in the telecoms industry have rejected the claims of the Executive…
Does FIRS’s no-hiding-place for tax evaders include Fulani herdsmen?
Several development analysts have started looking at the real economic values of Fulani herdsmen to the economy when their havocs to the stability of the polity are put on the front burner. Tax experts who spoke to our correspondent on…
VAIDS, tax amnesty deal to yield a total of N23bn in 6 months—Fowler
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler has revealed that the Voluntary Assets and Income Declaration Scheme (VAIDS), a tax amnesty programme introduced to encourage defaulting tax payers regularize their tax records without recourse…
Airlines give conditions for seamless remittance of VAT, others
The joint team of delegation from Airline Operators of Nigeria (AON) and the International Air Transport Association (IATA) who paid the Chairman of Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler has given terms and conditions for a smooth administration…
FG sending conflicting signals on tax as agencies evade in states
Whereas the federal government has stepped up campaigns for Nigerians to pay taxes as and when due, there seems to be no corresponding compliance in paying taxes by several agencies of the federal government. Only recently, the Ministry of Finance,…
Only autonomy to states’ revenue boards can guarantee optimum delivery—Fowler
The Chairman of the Joint Tax Board, Mr. Babatunde Fowler, has made it clear to Governors’ that the best option to deepen revenue generation by states’ revenue boards is to grant them autonomy. Fowler, who doubles as the Executive Chairman,…
