Showing posts with label Governor Nyesom Wike of the Rivers State. Show all posts
Showing posts with label Governor Nyesom Wike of the Rivers State. Show all posts

Friday, September 24, 2021

Nigeria’s Value Added Transgressions (VAT)

 By Charles Okoh

The recent upheavals generated by the bold move by Governor Nyesom Wike of the Rivers State to contest the right of the Federal Inland Revenue Services (FIRS) to continue collection of Value Added Tax, has brought to the fore several issues that are germane to the success or otherwise of the nation. The current skewed federal structure is largely responsible for the stunted growth of the nation. For those who mean well, the parasitic structure we operate as a federation cannot be in the ultimate interest of the nation.

The Rivers State Government had obtained the judgment of the Federal High Court, Port Harcourt Division (coram Hon. Justice Stephen D. Pam, J.,) delivered in Suit No. FHC/PH/CS/149/2020 (Attorney General Rivers State v. Federal Inland Revenue Service & Anor) on 9th August, 2021 upholding the constitutional authority and competence of the Rivers State Government to impose, charge, demand, and collect VAT on taxable goods and services within Rivers State and declaring that the Federal Government through the FIRS has no power to impose and collect VAT within the state.