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EFCC begins funds recovery from FIRS officialsEFCC begins funds recovery from FIRS officials

EFCC begins funds recovery from FIRS officials

Nigeria » Lagos

The Economic and Financial Crimes Commission (EFCC) has begun the recovery of funds from some staff of the Federal Inland Revenue Service (FIRS), who have agreed to return illicit Duty Tour Allowances (DTA) paid into their accounts by the management of the FIRS. Daily Trust learnt yesterday from sources familiar with the investigation that EFCC agents are recovering large sums of money from both the junior and middle-level staff involved in the scam.Read more: https://innerkonsult.com/efcc-begins-funds-recovery-from-firs-officials/Contact InnerKonsult for Professional Services on Tax,...

date: 24 Apr 2019 - 24 Apr 2020

Tribunal fixes definite hearing in suit of double taxation against FIRSTribunal fixes definite hearing in suit of double taxation against FIRS

Tribunal fixes definite hearing in suit of double taxation against FIRS

Nigeria » Lagos

The Tax Appeal Tribunal sitting in Abuja, on Wednesday, fixed May 14 for definite hearing in a suit filed by a company, “M FIFTEEN” Consultants against the Federal Inland Revenue Service (FIRS). The company also dragged the FIRS, before the Tax Appeal Tribunal sitting in Abuja over alleged double taxation. Also joined in the suit are the Independent Electoral Commission (INEC) and the Nigeria Police.Read more: https://innerkonsult.com/tribunal-fixes-definite-hearing-in-suit-of-double-taxation-against-firs/Contact InnerKonsult for Professional Services on Tax, Accountancy and CAC Serv...

date: 24 Apr 2019 - 24 Apr 2020

Professionals call for due process, fault piecemeal tax reformsProfessionals call for due process, fault piecemeal tax reforms

Professionals call for due process, fault piecemeal tax reforms

Nigeria » Lagos

The controversies dogging the nation’s tax reforms, now with Value Added Tax (VAT) regime, may not achieve anything positive unless a holistic approach is taken and urgently, tax professionals have said. The top tax administrators, at the sensitization seminar on proposed VAT increase and the non-assented housing fund bill, organized by the Chartered Institute of Taxation of Nigeria (CITN), at its headquarters building in Lagos, said tax is a serious issue and must be seen as such.read more: https://innerkonsult.com/professionals-call-for-due-process-fault-piecemeal-tax-reforms/Contact...

date: 24 Apr 2019 - 24 Apr 2020

Tax Dispute Resolution In Nigeria: Challenges And Practical StepsTax Dispute Resolution In Nigeria: Challenges And Practical Steps

Tax Dispute Resolution In Nigeria: Challenges And Practical Steps

Nigeria » Lagos

IntroductionIn August 2018, taxpayers were awakened to sudden freezing of their bank accounts for alleged non-payment of taxes and this marked the beginning of an "account- freezing" operation by the Federal Inland Revenue Service (FIRS). Many taxpayers who contemplated challenging the powers of the tax authority to direct the freezing of their bank accounts were faced with the dilemma of whether to approach the tax authorities to resolve the matter or to go directly to the court for an interim order to reopen their account. Generally, tax disputes put taxpayers in precarious situa...

date: 24 Apr 2019 - 24 Apr 2020

Tax Dispute Resolution In Nigeria: Challenges And Practical StepsTax Dispute Resolution In Nigeria: Challenges And Practical Steps

Tax Dispute Resolution In Nigeria: Challenges And Practical Steps

Nigeria » Lagos

IntroductionIn August 2018, taxpayers were awakened to sudden freezing of their bank accounts for alleged non-payment of taxes and this marked the beginning of an "account- freezing" operation by the Federal Inland Revenue Service (FIRS). Many taxpayers who contemplated challenging the powers of the tax authority to direct the freezing of their bank accounts were faced with the dilemma of whether to approach the tax authorities to resolve the matter or to go directly to the court for an interim order to reopen their account. Generally, tax disputes put taxpayers in precarious situa...

date: 24 Apr 2019 - 24 Apr 2020