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Tag Archives: to pay N1.6b to FIRS

February, 2020

  • 27 February

    Ecobank axed for tax evasion, to pay N1.6b to FIRS

    The Tax Appeal Tribunal has declared as illegal, null and void the decision of EcoBank Nigeria Limited to pay N5, 545, 000,000 as dividends to its shareholders in 2016. That year, Ecobank had claimed it made no taxable profit and rather declared losses from its banking operations. A statement from the Federal Inland Revenue Service (FIRS) said the tribunal reached ...