FIRS generates N2.5trn in 6 months


FIRS boss, Fowler
The Federal Inland Revenue Service (FIRS) generated N2.52trillion from various taxes sources between January and June this year.
With the amount, it earned 75 percent of its total target for the year, an improvement over the corresponding period in 2017.
A statement by Hassan Dodo, Director, information, Federal Ministry of Finance, said a report on FIRS revenue performance, submitted to the Minister of Finance, Mrs. Kemi Adeosun, confirmed that the amount has an increase of N746billion representing 42 percent, when compared to the N1.783trillion realized in the corresponding period in 2017.
Value Added Tax (VAT) yielded N536.5billion N68.8billion more than the N467billion realized in 2017.

Leave A Reply

Your email address will not be published.

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