VAT: FIRS threatens those paying to Rivers govt after losing in court

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 78%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

The agency warns that defaulters may pay penalty for not maintaining the 'status quo'.

On Monday, the Federal High Court in Port Harcourt rejected a challenge by the FIRS against the ruling, putting down the agency’s application for an injunction.

The ruling has, at least for now, cleared the way for the Rivers government to enforce its newly passed VAT Act. Lagos on Monday pushed its VAT Bill through the second reading. Despite the latest development in court, Johannes Wojuola, the special assistant to the chairman of the FIRS on Media and Communications, in a statement Monday urged taxpayers to “remain calm” and maintain the “status quo”.“The FIRS having lodged, in the Court of Appeal, both an appeal against the decision of the Federal High Court sitting in Rivers State in Suit No.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FIRS must be so very senseless to make that threat. It cannot be an affront to the rule of law. The court has spoken in favour of paying VAT to RVSG in Rivers State, & anybody now paying it to FIRS is DEEMED NOT TO HAVE PAID & is accordingly liable to pay it again to RVSG.

It's better states collect their VAT and develop their each state with it. What federal government needs to do is to handover some federal government responsibilities to state and free themselves from more burdens. Let the lazy states wake up.

It's like Federal government doesn't understand that GovWike owns Nigeria judiciary...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

VAT controversy: FIRS may lose N2.4tn revenue to statesThe Federal Inland Revenue Service may lose over N2.4tn revenue to the 36 state governments in 2022 if it loses its appeal against a Federal High Court verdict which barred it from collecting the Value Added Tax and Personal Income Tax.
Source: MobilePunch - 🏆 8. / 63 Read more »