The biggest challenge that the Federal Inland Revenue Service (FIRS) is currently grappling with is funding of the 2016 budget and subsequent ones.
Its chairman, Tunde Fowler who spoke in Abuja yesterday while responding to questions from reporters after the opening ceremony of the meeting on “Transfer Pricing in the Economic Community of West African States (ECOWAS), said the Federal Government has had a recourse to funding its budgets from taxation by ensuring that all corporations operating and making profit within the country pay the appropriate tax when due.
The forum had: Protecting the Tax Base and Building a Strong Investment Climate Across the Regions its theme. Fowler urged all citizens whether in the state or local government to pay their right tax and levy, and assured that the FIRS would ensure optimal expenditure of the fund. Read more