Wednesday, September 08, 2021 / 06:18
PM / by Proshare Research / Header Image Credit: 774ngr
The Federal Inland Revenue Service (FIRS) in an effort to retain the collection of Value Added Tax (VAT) has written to the National Assembly (NASS) seeking the inclusion of VAT collection in the exclusive legislative list.
The FIRS also sought the need to take the opportunity of the ongoing constitutional review and amendment by the NASS to recommend the establishment of a special court called â€˜Federal Revenue Court.
The revenue service agency is seeking the establishment of the special court as a superior court of records to handle all Federal tax-related matters to the exclusion of any other court and equally remove such from the exclusive jurisdiction of the Federal High Court (FHC) under Section 251 of the 1999 Constitution.
This move by the FIRS is happening following the judgement given by a Federal High Court Judge in Rivers State in the case AG. Rivers v. FIRS where the Judge declared that Rivers State Government and Not FIRS is entitled to collect VAT-related taxes in Rivers State.
Subsequent motion filed by the Federal Government on the judgement was dismissed. A Federal High Court in Port Harcourt dismissed the application for stay of execution.
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