The Osun State Internal Revenue Service on Wednesday sealed the Administrative Bock of Obafemi Awolowo University (OAU), Ile-Ife, over a N1.8 billion tax debt. The News Agency of Nigeria (NAN) reports that the officials of the service, who came with policemen and NSCDC personnel, put the gates of the block under lock and key after […]
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Nigerian hip pop and reggae artiste, Cynthia Morgan, is allegedly facing a court suit over unpaid N1.3million house rent. The 26-year-old artiste, who has been absent from the entertainment scene for some time is also said to have evaded N3.584million tax payment. According to Saturday Beats, the ‘German juice’ crooner has been charged to the […]
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The Federal Government is ready to prosecute, name and shame tax evaders that fail to utilise the tax amnesty programme, the Voluntary Assets and Income Declaration Scheme (VAIDS), to regularise their tax profiles, the Honourable Minister of Finance, Mrs. Kemi Adeosun, declared on Thursday. She also disclosed that the Federal Government would strictly adhere to the […]
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Chairman of Federal Inland Revenue, FIRS, Tunde Fowler, on Tuesday, warned tax avoiders that there is no hiding place for them when the Voluntary Assets and Income Declaration Scheme VAIDS. Fowler’s warning was contained in a keynote address at a workshop for professionals advising clients on participation in the Voluntary Assets and Income Declaration Scheme […]
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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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The Federal Inland Revenue Service (FIRS) says that the Federal Government has realised the sum of N17 billion from the Voluntary Asset and Income Declaration Scheme (VAIDS) inaugurated in July. Mr Babatunde Flower, the FIRS Executive Chairman, said this in Lagos on Wednesday, at a media workshop on VAIDS. Flower said that the N17 billion […]
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The Federal Inland Revenue Service, FIRS, says it has sealed off over 3,000 properties in the Federal Capital Territory, FCT, Abuja for failing to file annual tax returns. The Chairman of FIRS, Babatunde Fowler, disclosed this at a one-day media sensitization workshop on Voluntary Assets & Income Declaration Scheme, VAIDS, on Thursday in Abuja. Mr. […]
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The federal government says it has compiled the list of 500 Nigerian tax dodgers, some of them prominent citizens who have homes abroad. Kemi Adeosun, minister of finance, who disclosed this at the national economic council meeting, said the list of about 500 Nigerians with trusts abroad has been obtained to determine their tax compliance […]
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The Minister of Finance, Mrs Kemi Adeosun, on Tuesday said offshore tax havens no longer offered robust protection against tax authorities, saying it is not all illegal. On questions relating to the recent leaks by Panana Papers and Paradise Papers, the minister remarked that the leaks were just the beginning of what was likely to […]
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The Federal Government has begun a probe into 800,000 registered companies in the country over non-payment of tax. Kemi Adeosun, minister of finance, said this in an article she wrote and circulated to the media. According to her “over 800,000 companies, including some government contractors that have never paid taxes, have already been identified and […]
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