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Tag: Federal Inland Revenue Services
Understanding Value Added Tax (VAT)
The history of VAT in Nigeria is a checkered one. Initially introduced in 1993, by the federal military government of Sani Abacha; it served to replace the pre-existing sales tax…
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Nigerians doing business abroad will now pay tax – FIRS
Nigerians doing business abroad henceforth will no longer be exempted from paying tax as the Federal Government is set to launch a country exchange financial information with other member-countries to ensure compliance…
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Every tax defaulter will be punished henceforth, FIRS blows hot
The Federal Inland Revenue Service FIRS says henceforth, every tax defaulter will get the lawful treatment they deserve. Babatunde Fowler FIRS boss while on a courtesy visit to the…
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