FIRS Appeals Rivers High Court Ruling On VAT Collection

0
80

The Federal Inland Revenue Service says it has appealed the judgment of the Federal High Court in Port Harcourt, Rivers State, concerning the Value Added Tax collection.

 

FIRS said it had filed a stay of execution and advised the public to maintain the status quo on the issue.

 

FIRS spokesperson, Abdullahi Ahmad, disclosed this in a statement on Sunday.

 

It may be recalled that he court issued an order restraining the FIRS from collecting VAT and Personal Income Tax in the state.

 

The court averred that the Rivers State Government should be in charge of the PIT and VAT collection, basically implying that other state governments could do same in their jurisdictions.

 

Says the statement, “This is to inform the general public that the Federal Inland Revenue Service has lodged an appeal against the judgment of the Federal High Court Port Harcourt Judicial Division delivered by Honourable Justice Stephen Pam, in SUIT NO. FHC/PH/CS/149/2020 – Attorney General of Rivers State V. Federal Inland Revenue Service & Another.

 

“We have also sought an injunction pending appeal and a Stay of Execution of the said judgment.

 

“As the decision is being appealed and in view of the pending applications for injunction and stay of execution which the FIRS has filed in court against the judgement, members of the public are advised to continue complying with the Value Added Tax obligations until the matter is resolved by the appellate courts in order to avoid accruing the consequent penalties and interest for non-compliance.”

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.