The Court of Appeal, Abuja division, has just ruled that both parties maintained the status quo in an appeal filed by the Federal Inland Revenue Service, FIRS against the judgement of the Federal High Court, Port Harcourt, validating the Rivers State law that empowered Rivers State Government to collect VAT, as against the FIRS that…
VAT Collection by States: FIRS Seeks Stay of Execution
The Federal Inland Revenue Service, FIRS, has applied to the Federal High Court sitting in Port Harcourt for an order of stay of execution of the judgment given by the court on August 9th that declared as unconstitutional the collection of Value Added Tax, VAT, by the Federal Government. The FIRS also sought an order…
ICPC Drags 2,000 Corporate Defaulters into Tax Net
To shore up revenue for the government, the Independent Corrupt Practices and Other Related Offences Commission, ICPC, has forced 2,000 defaulting firms into Nigeria’s tax net. Bolaji Owasanoye, a professor of Law, senior advocate of Nigeria, SAN and chairman of ICPC, revealed this last week at the end of a capacity building for ICPC investigators…
FIRS Arrests Tax Evaders In Bayelsa
The Federal Inland Revenue Service, FIRS, has apprehended about 20 people in Bayelsa State who did not pay up their annual taxes or remit Value Added Taxes collected for the government. The tax evaders have also been made to sign an undertaking to clear their debts before the New Year. This comes after intensified efforts…
FIRS Launches New Tax Revenue Plan
The Federal Inland Revenue Service, FIRS, on Tuesday, released fresh initiatives to improve the current level of non-oil tax revenue collection in the country. Kabir Mashi, the group’s acting Executive Chairman said the move is part of efforts to improve the major indices of growth, such as the ratio of oil to non-oil tax revenue…
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