VAT: FIRS Amendment Dead On Arrival
The Governor of Ondo State and Chairman of the Southern Governors’ Forum, Oluwarotimi Akeredolu, has said that the amendment sought by the Federal Internal Revenue Service (FIRS) concerning the issue of Valued Added Tax (VAT) will be dead on arrival to state Houses of Assembly. Information Guide Nigeria
Nigerian Tribune reports that Akeredolu stated this while speaking in a Talk show on Arise Tv on Sunday.
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Akeredolu emphasised that the Constitution does not give power to the Federal Government to collect VAT, adding that it is the responsibility of the State Government to collect VAT. Jamb Result
According to Nigerian Tribune, the Chairman noted that for FIRS to seek an amendment, it is a clear indication that they are aware of the law and should rather follow the law than seek an amendment.
He said, “You can only collect VAT on behalf of the states and hand their money over to them. You can only take a percentage there for helping us to collect the money”.
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