FIRS withheld N300bn in 3yrs as cost of collecting taxes

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The Federal Inland Revenue Service, FIRS, made a whooping N300.4 billion in three years, between 2016 and 2018 as the cost of collecting taxes.

According to the law setting up the revenue collection agency, FIRS is allowed to deduct four percent as cost of revenue collection from non oil taxes before remitting the remaining to the Federation Account.

Read more: https://sunmoladavid.com/firs-withheld-n300bn-3yrs-cost-collecting-taxes/


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