VAT war: FIRS’ exclusive list push suffers setback at NASS
Strong Indications have emerged that the attempt by the Federal Inland Revenue Service to have the exclusive powers to collect Value Added Tax has stalled at the National Assembly.
The Executive Chairman of the Federal Inland Revenue Service, Muhammad Nami, had penultimate week, told the Senate Joint Committee working on the Medium-Term Expenditure Framework and Fiscal Strategy Paper, that the agency would soon approach the nation’s legislature with a bill to amend the Finance Act 2021.
The amendment, according to Nami, will centre basically on the issue of Stamp Duty and how to drag those transacting businesses on the social media to the tax net.Shortly after the federal lawmakers adjourned for the annual long recess, the FIRS sent a letter to the committees working on the constitution review at both chambers, seeking amendments to the constitution, to give it the sole power to collect VAT in Nigeria.
Recently, the Nigeria’s Governors Forum dragged the FIRS to court on the issue of Stamp Duty.Similarly, the governments of Rivers and Lagos states are in court with the federal tax agency, seeking to take over the collection of VAT in their respective states. headtopics.com
The spokesperson for the Senate, Senator Ajibola Basiru, declined comments on the controversial issues when contacted to know if the chamber would debate the VAT issue now that the federal lawmakers had resumed.He said, “I don’t want to talk about anything that has to do with the issue of VAT and Stamp Duty. They are subjudice.”
Similarly, the Chairman, Senate Committee on Agriculture, Senator Abdullahi Adamu, declined comments when contacted on the issue.He said, “As a lawyer, when a matter is before a court of competent jurisdiction, making comments on it will be subjudice.”
The Chairman, Senate Public Accounts Committee, Senator Mathew Urhoghide, and Senator Abba Moro, agreed with the submissions of the Senate spokesperson when contacted on the issue.A ranking senator, who spoke to our correspondent on condition of anonymity said the VAT and Stamp Duty issue would not be brought forward for debate.
He said, “We have it in our legislative rule in the National Assembly that we should not debate any issue that is pending before the court.‘The implication of this is that we will not hold any debate on VAT and Stamp Duty if the cases had not been decided at the court. headtopics.com
“Even if the executive arm of government brings the Finance Act Amendment Bill 2022 and it contains the issue of Stamp Duty while the matter is still in court, we will not debate the Stamp Duty aspect.”The Senate spokesperson, however, said the Senate would continue work on the issue of Constitution review.Read more: The Punch Newspapers »
How I Was Beaten To Pulp By Soldiers At A Viewing Centre- Football Lover
A postgraduate student of Bayero University, Kano State, Adamu Aliyu, narrates how he was humiliated and brutalised by some security officers at a football v...
Good... Na state get VAT I am glad hey will educate Buhari by force before he leaves office. Lol. This one go pain them State must collect their VAT...FIRS keep off Lol sometimes I wonder how this people think .. they do things sometime like they’re not learned always wants to go through the back door unlawfully
If what they have been doing is exclusively their constitutional responsibility, why can't FG via FIRS wait for the judgment of the Supreme Court on the matter, in the event that the judgment is not even 'tankonized' by all means necessary by the clueless Fascist PMB's Regime.
EU partner FIRS to sensitise CSOs on tax responsibilities, complianceThe two organisations organised a webinar Thursday to promote CSOs understanding and knowledge of their tax responsibilities.
EU partners FIRS to sensitise CSOs on tax responsibilities, complianceThe two organisations organised a webinar Thursday to promote CSOs understanding and knowledge of their tax responsibilities.
Buhari-led Administration Made VAT Attractive, Says PGF DGFunds accrued to the nation through Value Added Tax (VAT) has increased under the President Muhammadu Buhari-led administration, a chieftain of the ruling
Southern governors insist on VAT collection, 2023 presidency | The Guardian Nigeria News - Nigeria and World NewsThe Southern Governors’ Forum, yesterday, expressed its support for states to collect the Value Added Tax (VAT). This was part of resolutions the governors reached in their meeting held in Enugu State. It will help to end terrorism in Nigeria because each state will like to protect his or her investors,with maximum security to protect life and properties they will not allow Bandits and other terrorists group to destroy his state investors and others. Where is the Hope of Imo State here
Despite court ruling: Southern governors insist on VAT collectionThe governors agreed that instead of the Federal Inland Revenue Service (FIRS), state governments have the power to collect VAT. The governors agreed that instead of the Federal Inland Revenue Service (FIRS), state governments have the power to collect VAT. If you take away free-loading from federal government then you leave empty carcasses in Abuja. That's restructuring. Federal government should die for the states to live. The federal government cannot give good account only borrowing & terrorism. KeepItOn It will help to end terrorism in Nigeria because each state will like to protect his or her investors,with maximum security to protect life and properties they will not allow Bandits and other terrorists group to destroy his state investors and others. Gradual moving away from feeding bottle federalism
FG should continue collecting VAT, Umahi declares | Daily Trust“In any gathering, the minority will have their say and the majority will have their way. For example, there was an issue that came up, I am not sure it’s clear to some of our colleagues on the issue of VAT but it is very clear to me.' Omo ale A competed buffoon This man is a born-saboteur... He dares to even sabotage the entire southern Nigeria. Satan has really entered this man full-time. But his eyes will clear soon. After Fulani have used and dumped him