FG budgets N104bn to maintain, purchase generators in 2022
Ministries, Departments and Agencies of the Federal Government will in 2022 spend an estimated N104bn on purchasing generators, fuelling and servicing them, The PUNCH has […]
Federal Inland Revenue Service
FIRS to spend N2.8bn on uniforms, N550m on meals
The Federal Inland Revenue Service has earmarked the sum of N2.8bn for “uniforms and clothing” for the year 2022. The tax body has also budgeted […]
Legal battle over VAT collection stirs debates on equity, fiscal federalism
TUNDE AJAJA examines the likely solutions to the salient issues presented by the raging controversy over the collection of Value Added Tax in Nigeria. The […]
VAT dispute: Appeal Court grants Lagos’ request to join case
The Court of Appeal in Abuja has granted the application by Lagos State, through its Attorney General, to be made a respondent in the appeal […]
VAT row: Firms remit August returns to FIRS
After a lull into the confusion arising from the row over Value Added Tax (VAT), many manufacturers and service-based companies have started remitting the tax […]
VAT row threatens Fed Govt’s N8.36tr 2022 revenue target
The controversy over the Value Added Tax (VAT) may derail the Federal Government’s projected N8.36 trillion 2022 revenue should the matter be resolved in favour […]
Uncertainty over Fed Govt’s directive on VAT collection
Rivers State has urged the Court of Appeal to order the appointment of a receiver/manager over VAT pending the determination of an appeal by the […]
Ebonyi State Governor, Dave Umahi, on Friday, knocked his colleagues on the platform of the Southern Governors’ Forum over their resolution supporting the collection of the Value Added Tax by states.
Umahi, who is the Chairman of the South-East Governors’ Forum, made it clear that Ebonyi won’t pursue VAT collection or implement the decision of the […]
Appeal Court reserves ruling on Lagos’ request to join case on VAT dispute
The Court of Appeal in Abuja has reserved ruling on an application by Lagos State to be made a respondent in the appeal filed by […]
National Assembly defends Buhari’s $4.9bn loan plan, APC, PDP clash over debt
The Senate on Wednesday justified the President, Major General Muhammadu Buhari (retd.)’s plan to obtain $4.054bn and €710m ($$839m) loans. The Chairman of the Senate […]
States, LGs sleeping, not thinking of ways to increase national cake but how to share it –RMAFC chair
The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission, Elias Mbam, on Wednesday, lambasted the 36 state governments and the 774 local government areas […]
Rivers Government Drags FG To Supreme Court Over VAT
The government of Rivers State has taken the federal government to the Supreme Court. The suit was filed by the Attorney-General of Rivers after the […]
FIRS, not states should collect VAT —Umahi
Ebonyi State Governor David Umahi says the state is not in support of Rivers, Lagos and other states in their moves to collect Value Added […]
FG not taking Niger Delta money to the North, Buhari’s aide knocks Wike
Senior Special Assistant to the President on Public Affairs, Ajuri Ngelale, on Monday, knocked Rivers State Governor, Nyesom Wike, for being allegedly tribalistic and aggressive […]
Lagos’ll implement VAT law despite Appeal Court’s ‘maintain status quo’ —Lawmaker
A member of the Lagos State House of Assembly, Setonji David, has said that the state will go ahead with the implementation of its recently […]
Presidency Reveals Position On Controversial VAT as States, FIRS Fight
The Presidency has said any court ruling on Value Added Tax (VAT) will be obeyed by the government of President Muhammadu Buhari. This is as […]
How VAT laws by states ‘ll boost revenue, by experts
The proposed administration of the Value Added Tax (VAT) by the states is an idea whose time has come. This is the verdict of some […]
VAT: More states oppose FIRS, Ogun, Edo, Akwa Ibom consider tax laws
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 […]
Time’ll tell if Sanwo-Olu’s VAT interest is for Lagosians –Politician who clashed with Remi Tinubu
A Lagos-based politician, Arinola Oloko, has said that time will tell whether Governor Babajide Sanwo-Olu is pursuing the goal for Lagos State to collect Value […]
Why a decentralised VAT collection model could do more harm than good, By Omotola Abimbola
“The Federal Inland Revenue Service (FIRS) and the Rivers state government are locked in a legal dispute over the latter’s claim that it is constitutionally […]