The dispute between the Federal Inland Revenue Service and some states over the collection of Value Added Tax seems to be taking a new turn by the day as two more states, Ogun and Akwa Ibom, say they are ready to enact laws that will enable them to collect the tax in their states.
Three members of the FIRS workers’ union told one of our correspondents that stripping the FIRS of the power to collect VAT could reduce the commission the agency would have received by as much as N96bn. The FIRS, which takes four per cent of the amount collected as VAT as its commission, projected it would receive N96bn in 2022.
Small price to pay for the greater good...
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:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
[BREAKING] VAT: Lagos applies to join Rivers as FIRS appeals high court ruling - Punch NewspapersThe most widely read newspaper in Nigeria Delta is sleeping right? Now the Northern farmers will know what they are into. I make and sell footwear your RT n patronage will go a long way for my brand whatapps no:08090916669
Source: MobilePunch - 🏆 8. / 63 Read more »
[BREAKING] VAT: Lagos applies to join FIRS appeal against Rivers - Punch NewspapersThe most widely read newspaper in Nigeria This is what should be expected from a strong Southern Nigeria protectorate. I'm really not surprised I make and sell footwear your RT n patronage will go a long way for my brand whatapps no:08090916669
Source: MobilePunch - 🏆 8. / 63 Read more »
[UPDATED] VAT: Lagos applies to join Rivers as respondents in FIRS appeal - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
VAT: More states oppose FIRS, Ogun, Edo, Akwa Ibom consider tax laws - Punch NewspapersThe most widely read newspaper in Nigeria Considering? They should take action not just wishful thinking. What consideration? Shouldn't all the Southern states have followed River & Lagos footstep with immediate effect.
Source: MobilePunch - 🏆 8. / 63 Read more »
VAT: ‘Robbing’ Peter to pay Paul - Punch NewspapersThe most widely read newspaper in Nigeria At least let's give paul a chance so that peter will not feel we don't have any options for his mismanagement
Source: MobilePunch - 🏆 8. / 63 Read more »
VAT row, revenue and fiscal federalism - Punch NewspapersThe most widely read newspaper in Nigeria OGA at the top is here , you say what again
Source: MobilePunch - 🏆 8. / 63 Read more »