• Latest
  • Trending
Nigeria lost N5.4trn to tax evasion by multinationals in 10 years- FIRS

Nigeria lost N5.4trn to tax evasion by multinationals in 10 years- FIRS

January 13, 2021
No death recorded in Lekki shootings, says Sanwo-Olu

COVID-19: After first lockdown, 24,000 students haven’t returned to school- Sanwo-Olu

January 19, 2021
Registrar’s circular on varsity reopening false, malicious – OAU

OAU announces resumption date, cancels 2020/2021 academic session (SEE DETAILS)

January 19, 2021
NIN: NIMC workers begin strike over funding, exposure to COVID-19, others

NIN holders increase to 47.8m, says FG

January 19, 2021
JUST IN: Seven feared dead as Amotekun, herdsmen clash in Oyo community

Amotekun seizes eight sacks of dangerous weapons from bandits, kidnappers in Oyo

January 19, 2021
Nigeria to access COVID-19 vaccine January 2021, says Okonjo-Iweala

COVID-19: FG releases N10bn to support local vaccine production

January 19, 2021
48 hours after winning election, new LG Chairman in Kano dies of high BP

48 hours after winning election, new LG Chairman in Kano dies of high BP

January 19, 2021
EFCC appoints director demoted by Magu head of academy

EFCC appoints director demoted by Magu head of academy

January 19, 2021
JUST IN: Seven feared dead as Amotekun, herdsmen clash in Oyo community

Okada riders spying for bandits, kidnappers- Oyo Amotekun chairman

January 19, 2021
NSCDC rescues Ibadan chief from mob after allegedly defiling two minors

NSCDC rescues Ibadan chief from mob after allegedly defiling two minors

January 19, 2021
How we averted crisis in Ife during #EndSARS protests – Ooni

2023:Ooni warns South West politicians against division, says Tinubu’s values indelible

January 18, 2021
Insecurity: APC, PDP groups exchange words over Makinde’s foreign trip

Oyo PDP, APC trade words over fake Amotekun uniform

January 18, 2021
VIDEO: Nigerians pick ‘aso ebi’ for Biden’s inauguration

VIDEO: Nigerians pick ‘aso ebi’ for Biden’s inauguration

January 18, 2021
  • Contact Us
  • Advertise
Tuesday, January 19, 2021
  • Login
Newspeakonline
  • News
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
  • News
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak ExclusivesNew
No Result
View All Result
Newspeak
Home Business

Nigeria lost N5.4trn to tax evasion by multinationals in 10 years- FIRS

Akinwande Soji-Ojo by Akinwande Soji-Ojo
January 13, 2021
in Business
Reading Time: 1 min
0
Nigeria lost N5.4trn to tax evasion by multinationals in 10 years- FIRS
Share on FacebookShare on TwitterShare on WhatsAppShare on Telegram
UBA Banner 533×166
FirstBank Dec29

The Federal Inland Revenue Service (FIRS) has revealed that the country lost N5.4 trillion to tax evasion by multinationals.

Speaking at a workshop in Abuja on Monday, FIRS chairman, Muhammad Nami explained that the revenue was lost between 2007 and 2017.

RelatedPosts

Stanbic IBTC discontinues BDC operations

Amid pandemic, GTb struggles as Zenith, others grow gross earnings

Onyeali-Ikpe assumes office as first female MD/CEO of Fidelity Bank

While commending some multinational corporations for leading in tax compliance in various sectors, he expressed worries that many rich multinational corporations did not pay the right taxes due to them, let alone pay their taxes voluntarily.

To solve this problem, Nami said the FIRS has created 35 additional tax audit units across the country to address the problem of illicit financial flow and improve tax compliance.

“At the FIRS we are paying greater attention to tax audit in general and transfer pricing audit in particular in order to improve the level of tax compliance in the country,” a statement by Abdullahi Ahmad, director of the FIRS communications and liason department, quoted Nami to have said.

“As a result, in the last one year, we have created more than 35 additional tax audit units and deployed experienced and capable staff to take charge of these offices,” a statement issued on Tuesday by Abdullahi Ahmad, Director of FIRS Communications and Liason department, quoted Nami to have said.

Related

Tags: FIRSNigeriatax
Previous Post

Third US lawmaker contracts COVID-19 after Capitol invasion

Next Post

Youths attack Fulani settlement over alleged killing of farmer in Osun

Related Posts

Nigerian-American communities assure US President-elect, Biden of support, cooperation

Is diaspora now about rubbishing those at home? By Prof Toyin Falola

January 17, 2021
Nigeria to receive 10 million COVID-19 vaccine  in March ― Health Minister

Nigeria to receive 10 million COVID-19 vaccine in March ― Health Minister

January 15, 2021

TRENDING: Stingy Men Association permeates Nigerian social media #SMAN

January 12, 2021

Nigeria won’t surrender its sovereignty to ICC, says Lai Mohammed

January 4, 2021

Nigeria’s security architecture due for review- Primate Ositelu

January 1, 2021

We would have been at war if a non-northern president practised nepotism like Buhari- Kukah

December 25, 2020

Nigeria’s nominee fails to secure seat as ICC judge, secures only 5 votes

December 20, 2020
Next Post
Osun govt renames LAUTECH Teaching Hospital

Youths attack Fulani settlement over alleged killing of farmer in Osun

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Nigeria COVID-19 Live Update

NIGERIA

Confirmed
112,004
Deaths
1,449
Recovered
89,939
Active
20,616
Last updated: January 19, 2021 - 8:06 pm (+01:00)

Global

Confirmed
96,307,467
+302,527
Deaths
2,057,197
+8,201
Recovered
68,877,243
Active
25,373,027
Last updated: January 19, 2021 - 8:06 pm (+01:00)
Access Bank2020

Newspeakonline

© 2020 Newspeak & Associates
Optimized by IChannelTech.

Navigate Site

  • Breaking News
  • Business
  • Entertainment
  • Interview
  • Newpeak Magazine
  • Newspeak Exclusives
  • Politics
  • COVID-19 Update

Follow Us

No Result
View All Result
  • News
  • Business
  • Entertainment
  • Technology
  • World
    • Africa
    • Americas
    • Asia
    • Europe
  • Opinion
  • Interview
  • Newspeak Exclusives

© 2020 Newspeak & Associates
Optimized by IChannelTech.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In