85% of VAT Collected Shared Among States to Provide Free Education, Free Health Services, Others – Fowler
Executive Chairman,FIRS, Babatunde Fowler The Executive Chairman, Federal Inland Revenue Service (FIRS), Babatunde Fowler, says Value Added Tax (VAT) is a consumption tax designed to support the poor and not…
FIRS Refutes Report of 50% VAT Increment
The Federal Inland Revenue Service (FIRS) on Wednesday refuted report of planned increment of Value Added Tax (VAT) by 50 per cent to meet up payment of the newly…
FG, States, LG Share N812.76bn Revenue in November
The Federal Government, States and Local Governments have shared N812.76 billion as revenue for the month of November. The Permanent Secretary, Ministry of Finance, Mr Mahmoud Isa-Dutse…
VAT remittances jump but states still owe FIRS N41bn – NEC
The National Economic Council (NEC) says states are owing the Federal Inland Revenue Service (FIRS)Â N41 billion in Value Added Tax (VAT) just as it was revealed that VAT remittances…