Connect with us

Business and Economy

We will recover all revenues accruable to FG — FIRS

Published

on

We will recover all revenues accruable to FG — FIRS

Federal Inland Revenue Service (FIRS) says it is determined to recover all revenue accruable to the
Federal Government. To achieve the objective, the service said it had already listed companies and
organisations indebted to the government in fiscal year.
The Executive Chairman, FIRS, Mr Babatunde Fowler, made this known in an address at  the ongoing
30th Enugu International Trade Fair, in Enugu on Thursday.
Fowler, who was represented by Mr. Ben Obiorah, Tax Controller, Micro and Small Office, Enugu, said
that to fish out all outstanding revenue owed the federal government; they had, since 2018, focused on
businesses with huge annual turnover.
 “You may be aware that since 2018, FIRS, has focused attention on businesses with huge turnover, but
no record of commensurate payment of their tax obligations.
“This will continue in 2019, several of such companies have already been contacted by the device
leveraging on various data sources.
 “We urge you all to comply with the provisions of the tax laws as we are duty bound to recover all
revenue due to the FG  and the people of Nigeria,” he said.
He, however, urged the business community, law enforcement agents and well-meaning citizens to
continue to partner with FIRS to ensure that tax defaulters were traced to face the consequences while
compliant businesses would receive all the support they required.
Fowler said that the service was working hard to ensure that national revenue continue to grow through
tax remittances.
“We at the FIRS are working hard to ensure that we are in full alignment with all efforts to grow national
revenue from taxation while easing the administrative burden inherent.
“We place emphasis on human resources as one of several tools to achieving our aim of expanding the
tax net which is why we recently recruited more young Nigerians to effectively provide adequate services
to all the nooks and crannies of the country,” he said.
Mr Emeka Udeze, in a welcome address by the President of the Enugu Chamber of Commerce Industry
Mining and agriculture (ECCIMA) welcomed participants to the event and to congratulated the
management and staff of FIRS for the successful organisation of the event.
Fidelity Bank Seeks Increased Board Participation In Cyber security Published 3 days ago on 3 days ago
By BUKOLA IDOWU Lagos Against the backdrop of high-profile and sophisticated online attacks on large
commercial banks, the chairman, board of directors of Fidelity Bank Plc, Ernest Ebi has urged directors of
listed and private companies in the country to take active roles in their respective organisation’s
cybersecurity framework and operations. In his keynote address at the 2019 Bank Directors’ Association
of Nigeria (BDAN) Conference on Cybersecurity in Lagos, Ebi, stated that organisations have become
completely dependent on cyber networks to run their processes, pointed out that Boards need to
understand and approach cybersecurity from enterprise-wide risk perspectives rather than Information
Technology (IT). He disclosed that rapidly evolving data breaches and attacks have caused significant
financial and reputational damage to many organisations.

305 total views, 5 views today

Continue Reading
Advertisement
Loading...
Click to comment
Advertisement
Advertisement
Loading...

Most Read