Tuesday, 8 September 2015

New FIRS Chairman(Tunde Fowler) to come hard on Tax evaders



  In his quest to increase the nation's tax revenue,the new Federal inland revenue service(FIRS),Mr Tunde fowler unleashed main areas that his administration will focus on.

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  • Full Compliance from the organised private sector.
  • Restructuring of the FIRS
  • Collaboration with the State Boards of Internal Revenue
  • Advance corporate tax payment on interim dividend
  • Tax audits and use of consultants
  • Technology in tax administration
  • Tax amnesty
  • Review of FIRS Circulars
  • Stakeholder engagement
  • New taxes and increase in tax rates





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