MINIMIZING BUSINESS TAXES

MINIMIZING BUSINESS TAXES

The importance of tax payment in any giving country is not to overburden any business organization or individuals but to also help the government generate meaningful revenue that will be re-invested in the development of the society. The truth is, no organization be...
UNDERSTANDING THE NIGERIAN TAX SYSTEM

UNDERSTANDING THE NIGERIAN TAX SYSTEM

Collecting taxes is a very ancient profession. Tradition and custom have long been influential in shaping the way in which national revenue authorities go about this task at the national level. However, the nature of collecting and administrating taxes has undergone...
FIRS Generates N5 trillion, Targets N5.3trn By Year End

FIRS Generates N5 trillion, Targets N5.3trn By Year End

The Executive Chairman, Federal Inland Revenue Service (FIRS), Tunde Fowler, has said the service has generated N5 trillion by the second week of December 2018, adding that the agency is at the verge of making N5.3 trillion at the end of the year. If the FIRS pools...
DO YOU KNOW?

DO YOU KNOW?

The FIRS is responsible for assessment of persons, companies and enterprises chargeable with Tax. They must enforce payment of this taxes as may be due to the government.They also in collaboration with the relevant ministries and agencies review tax regimes and...
FIRS Set To Target Billionaire Tax Defaulters In Nigeria

FIRS Set To Target Billionaire Tax Defaulters In Nigeria

FIRS Set To Target Billionaire Tax Defaulters In Nigeria In a bid to ensure that every citizens irrespective of their status adhere to the payment of tax in the country, the Federal Inland Revenue Service have declared that plans are underway to  go after billionaire...