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Manufacturers deplore stalemate as FIRS, Rivers insist on VAT collection

The battle for Value Added Tax (VAT) between the Federal Inland Revenue Service (FIRS) and states got fiercer yesterday as Rivers State, “spearheading the new wave of fiscal federalism with its August 10 court judgment, commenced full implementation of the state’s VAT law, while the federal tax agency in a desperate bid to retain the collection of VAT, has written the National Assembly, seeking the inclusion of VAT collection in the exclusive legislative list.”

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“In a letter signed by the Executive Chairman of the FIRS, Muhammad Nami, and dated July 1, 2021, which was addressed to the Chairman of the Constitution Review, who is also the Deputy Speaker of the House of Representatives, Idris Wase, FIRS requested the federal lawmakers to approve for it the establishment of a Federal Revenue Court of Nigeria.”

“The letter with references number FIRS/EC/CWREP/0416/21/037, was titled, ‘Request for sponsorship of a bill for the establishment of the proposed Federal Revenue Court of Nigeria and the insertion of Value Added Tax under item 58 of the exclusive legislative list”

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