Home Features We Have Appealed Rivers Court Judgement On VAT, Says FIRS

We Have Appealed Rivers Court Judgement On VAT, Says FIRS

0

The Federal Inland Revenue Service (FIRS) has announced that it has appealed a recent judgment of the Federal High Court in Port Harcourt, Rivers State which stopped it from collecting Value Added Tax (VAT) in the South-South state.

Justice Stephen Pam who issued a restraining order against the federal agency, said there is no constitutional basis for FIRS to demand and collect VAT, withholding tax, education tax and technology levy in Rivers State or any other state of the federation.

The court further declared that the defendants are not constitutionally entitled to charge or impose levies, charges or rates (under any guise or by whatever name called) on the residents of Rivers state and any state of the federation.

The judgement implied that FIRS is also barred from collecting VATs in other states in the country.

However in a statement released on Sunday August 15, the agency announced that it has filed a stay of execution and advised the public to maintain a status-quo on the payment of the taxes.

wema_bank_salary_based_loan

Like and Share this:

ADD YOUR COMMENT

Please enter your comment!
Please enter your name here