The Federal Inland Revenue Service (FIRS) has projected generating N10.1 trillion revenue for the 2022 financial year, says its chairman Muhammad Nami.
FIRS said on Sunday that it had appealed a recent judgment of the Rivers division of the Federal High Court regarding Value Added Tax (VAT) collection.
Out of the total amount generated in Q2 2021, N187.43 billion was generated as non-import VAT locally, while N207.69 billion was generated as non-import VAT for foreign.
The court declared Rivers the rightful body to receive personal income tax and VAT emanating from the state.
The Federal Inland Revenue Service (FIRS) has dissolved its staff union, the Nigeria Civil Service Union (NCSU), FIRS Unit, insisting that it does not have a junior cadre.
The federal government says it has begun moves to freeze MultiChoice bank accounts over N1.8 trillion tax debt.
The federal government made N650 billion from taxpayers in June, says the Federal Inland Revenue Service (FIRS).
FAAC says Nigeria made N605.958 billion as distributable income in May, which was shared among federal, state, and local governments as well as other relevant agencies.
Stakeholders said many actors in the information technology sector and multinational companies were in the habit of evading taxes,
“The service shall, without further notice, apply the provisions of Section 31 of the Federal Inland Revenue Service (Establishment) Act, 2007 (as amended) to recover taxes due from the defaulters’
