HomeFinancialTax Matters

Tax Matters

More Governors Resolve To Join VAT Collection Suit

More Governors Resolve To Join VAT Collection Suit           South-south Governors Forum, yesterday, declared support for states’ collection of Value Added Tax (VAT) as ordered by a Federal High Court in Port Harcourt. The forum, comprising governors of the six oil-rich Niger Delta states of Rivers,...

VAT: Oyo Govt Seeks To Join Rivers In Suit Against Fed Govt

VAT: Oyo Govt Seeks To Join Rivers In Suit Against Fed Govt             The Oyo State has asked the Court of Appeal sitting in Port Harcourt, Rivers State, for joinder in the suit instituted by the Rivers State Government against the Attorney-General of the Federation in...

FIRS Urges Govts To Add Value To Collected Taxes

FIRS Urges Govts To Add Value To Collected Taxes             The Federal Inland Revenue Service (FIRS) has urged state governments not to only collect taxes but also add value to the taxes collected. The Service is also worried that 22 years since Nigeria started this democratic dispensation...

Northern Governors Reject VAT Laws Enacted By Lagos, Rivers States

Northern Governors Reject VAT Laws Enacted By Lagos, Rivers States       Northern Governors Forum on Monday kicked against the Value Added Tax laws enacted by the governors of Rivers and Lagos State governors which got the support of other Southern state governors. The Forum in an emergency...

Buhari Orders FIRS To Tax Digital Transactions

Buhari Orders FIRS To Tax Digital Transactions           The Secretary to the Government of the Federation (SGF) and Chairman, Presidential Task Force (PTF) on COVID-19, Boss Mustapha President Muhammadu Buhari has ordered the deployment of technology to tax all digital transactions carried out across the country. The Secretary...

Private Sector Seeks FG’s Intervention On VAT Remittance

Private Sector Seeks FG’s Intervention On VAT Remittance             Following the controversy between the Federal and State Government on Value Added Tax (VAT), especially as today’s penalty-free period ends for tax remittance for the month of August, organised businesses have expressed concerns as to where to...