The Federal High Court sitting in Port Harcourt, Rivers State, has has declared that it is the Rivers State Government, and not the Federal Inland Revenue Services, that should collect Valued Added Tax and Personal Income Tax in the state.
Justice Pam made the assertion while delivering judgement in Suit No FHC/PH/CS/149/2020, filed by the Attorney General for Rivers State against the FIRS and the AGF.
Nigeria generates about N1.5 trillion yearly from VAT. About N825bn from this sum comes from Lagos alone but some states that generate next to nothing all benefit from this VAT. This landmark judgement, should it be upheld by the Supreme Court, could triple the wealth of Lagos.
Why Lukaku Signing Will Benefit Chelsea and Timo Werner This are exciting times for Chelsea fans following the club's capture of Lukaku. Ahead of his first game, this article examines how much impact the forward will have on Chelsea & Werner. A must read:
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