Tag: VAT

VAT dispute: Appeal Court orders all parties to maintain status quo

Aminu Imam

Matter adjourned to Sept. 16 for hearing The Appeal Court sitting in Abuja has ordered all parties to maintain status quo and refrain from taking action that would give effect to the judgment of a Federal High Court in Port Harcourt, which allowed the Rivers State government to collect Value-Added Tax (VAT), pending the hearing and determination of the instant suit. A 3-man panel of the appellate court, led by Justice Haruna Tsammani, gave the order yesterday, while ruling on an appeal filed by the Federal Internal Revenue Service, (FIRS).…

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Rivers State VAT judgment: Afenifere asks States to rise, defend federalism

Aminu Imam

The pan-Yoruba organisation, Afenifere, has called on States of the federation to explore areas in the 1999 Constitution they can use to deepen federalism in Nigeria. The group, which was speaking against the backdrop of the recent Federal High Court that gave the Rivers State government the right to collct Value-Added Tax (VAT) within the State, called on States of the federation to use the opportunity provided by the Rivers State judgments to explore other areas that the Constitution empowers them to assert themselves as federalists. In a statement issued…

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VAT remittance: “Lets be our brothers’ keeper” – Gombe State govt. appeals to Southern States

Aminu Imam

The Gombe State government has appealed to the State governments of the southern region of the country to reconsider their push to keep Value-Added Tax, (VAT), generated from their States. The States Commissioner for Finance and Economic Creation, Muhammad Magaji, made the appeal at the start of a technical workshop on the development of the States Medium-Term Sector Strategy,(MTSS). He stated that the other States, particularly those in the Southern region, should set emotions aside and become their brothers keepers in sharing the VAT produced in their respective jurisdictions. The…

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Impunity,oneoffactorsfuellinginsecurityRiversGov.Wike

Aminu Imam

Rivers State Governor, Nyesom Wike, has identified impunity as one of the major factors responsible for the security challenges in the country. Part of the crisis in this country today is because of impunity, said the governor, during an interactive session between the State government and corporate organisations in Port Harcourt, yesterday. He said, We are talking about insecurity in this country today; what are those factors that have led to insecurity? One of such factors, as far as I am concerned, is impunity. Everybody wants to do whatever he…

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Court declares collection of VAT by Federal Government as illegal

Aminu Imam

The Federal High Court, sitting in Port Harcourt, Rivers State, has declared the collection of Value-Added Tax (VAT) and Personal Income Tax by the Federal Government as illegal and unconstitutional. The suit, which is between the Attorney-General for Rivers State and Federal Inland Revenue Service, (FIRS), as the first defendant and the Attorney General of the federation, Abubakar Malami, as the second defendant. The court decided in favour of the Rivers State, ruling that it is the rightful arm to receive personal income tax and VAT originating from the State.…

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‘MultiChoice has never paid VAT since its inception’ – FIRS

Aminu Imam

We will prove our tax compliance – Company replies The Federal Inland Revenue Service, (FIRS), has raised an alarm over the level of non-compliance by MultiChoice Africa (MCA), the parent company of MultiChoice Nigeria (MCN). According to FIRS, the company which provides services to MCN has never paid Value-Added Tax (VAT) since its inception. This was revealed in an issued statement by the FIRS Executive Chairman, Muhammad Nami. Nami also revealed the FIRS has appointed Nigerian Deposit Money Banks as agents to freeze and recover the sum of N1.8 trillion…

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Nigeria generated N1.53 tr VAT in 2020, grows by 29% – NBS

Aminu Imam

Nigeria generated a total sum of N1.53 trillion revenue from Value Added Tax (VAT) in 2020, up by 29.3% when compared to N1.18 trillion recorded in 2019. This is contained in the Sectoral Value-added tax (VAT) Report, recently released by the National Bureau of Statistics (NBS). According to the report, VAT revenue grew by 29.3% compared to N1.18 trillion recorded in 2019 and 38.2% increase, as against N1.11 trillion in 2018. Despite the economic downturn experienced by the country due to the lockdown measures put in place by the government…

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Kano: Security agents stop protest against hike in petrol price, electricity tariffs, VAT

Ishaku Yohanna

Security agents comprising police, the State Security Service, and the Nigeria Security and Civil Defence Corps have stopped a protest against the increase in the prices of fuel, electricity and value-added tax in the country. The protest led by a civil society organisation, Joint Action Forum, (JAF), started as a rally in front of the secretariat of the Nigerian Union of Journalists, (NUJ), along Farm Centre Road in Kano on Tuesday morning amidst heavy security presence. The leader of the group, Musa Bashir, called on the federal government to reverse…

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