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 […]
The FIRS on Thursday clarified that the 36 states and 774 local governments get 85% of VAT collections monthly while it collects 15% being the collection expenses approved by the governments as controversies between some states and it over Value Added Tax (VAT) collection rage on. The federal revenue agency made the clarification in a […]
The Federal Inland Revenue Service (FIRS) has urged taxpayers in the country not to be perturbed by the Federal High Court sitting in Port Harcourt ruling which dismissed its motion for stay of execution of the judgment that Rivers State can collect Value Added Tax (VAT) from its residents. The federal revenue agency stated that […]
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 […]
Governor Nyesom Wike on Thursday signed the River State’s Value Added Tax (VAT) collection, Open Grazing Prohibition and other bills, hinging his act on the judgment of the Federal High Court sitting in Port Harcourt which recently ruled that collection of VAT by the Federal Inland Revenue Services (FIRS) on behalf of the Federal Government […]