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August 20, 2019 FIRS Boss Says Recession Affected Tax Revenue In Response To Query By Presidency

The Chief Executive of Federal Inland Revenue Service, FIRS, TUNDE FOWLER has replied the query issued him by the presidency.

 

FOWLER agreed that actual tax collection since the beginning of President Buhari’s administration is lower than the 2012-2014 period under former President Goodluck Jonathan, in general terms.

 

He however told the presidency that the FIRS under him has performed better regarding specific non-oil tax types, such as VAT and CIT.

 

He associated the general lower collection since 2015 to oil market crisis which has seen a fall in commodity price compared to the period under Jonathan, and recession which slowed down economic activities.

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