Barely 24 hours after the President of the Senate, Senator Ahmad Lawan, expressed support for continued collection of the Value Added Tax (VAT) nationwide by the Federal Inland Revenue Service’s (FIRS’) in spite of the legal tussles between the agency and state governments over collection of the consumption tax, the Federal Government on Thursday also […]
A member of the Lagos State House of Assembly, Hon. Setonji David, on Monday reiterated the state government’s determination to the implement the just signed Value Added Tax (VAT) Law in the state, despite last Friday’s Court of Appeal ruling for a stay of execution of a lower court order on the matter. The lawmaker […]
The Court of Appeal sitting in Abuja on Friday granted the prayers of the Federal Inland Service (FIRS) over an earlier ruling by Federal High Court sitting in Port Harcourt on states’ powers to collect Value Added Tax (VAT) and ordered both Rivers and Lagos States to maintain status quo antebellum in favour of the […]