Budgeting Economy News Extra Latest News Political Economy Revenue Revenue Agencies Taxation

States Begin Consultations On VAT Collection, As Court Rejects FIRS’ Plea

Following the Federal High Court sitting in Port Harcourt judgment rejecting Federal Inland Revenue Service’s (FIRS’) Motion on Notice for stay of execution on an earlier judgment validating the constitutional rights on states to collect Value Added Tax (VAT), states across the country have begun consultations on the next steps to take on VAT collection […]

Economy News Extra Latest News Political Economy Revenue Revenue Agencies Tax Taxation

FIRS Files Appeal Against High Court Judgment On VAT, PIT Collections

The Federal Inland Revenue Service (FIRS) has filed an appeal against a recent judgment of the Federal High Court in Port Harcourt, Rivers State, which granted the state the right to collect the Value Added Tax (VAT) and Personal Income Tax (PIT). The federal revenue agency had indicated its intention to file an appeal on […]