Blog

Keep up to date with the latest news
NEWS UPDATE: Pay your VAT to FIRS – FG begs Nigerian taxpayers

NEWS UPDATE: Pay your VAT to FIRS – FG begs Nigerian taxpayers

The Federal Authorities has appealed to taxpayers to pay their Value Added Taxation (VAT) to the Federal Inland Revenue Service (FIRS).

Announcing that it is facing economical and revenue challenges, the federal authorities begged taxpayers to pay their VAT.

This was contained in a public notice published on Thur, next the confusion generated by the sentence of the Federal High Tribunal sitting in Rivers Province in Suit Number FHC/PH/CS/149/2020 and subsequent enactment of VAT laws by some States.

The public notice was issued by the Ministry building of Finance, Budget and National Planning and signed by the Government minister, Zainab Shamsuna Ahmed.

The notice said, “VAT Collection: This is No Time for Litigations, Nigeria similar other countries is facing economical and revenue challenges and all hands must be on deck to create Nigeria draw through the hard period. Hence, it is not a time for litigations but to work in consensus.”

Ahmed said the Tribunal of Appeal’s tell for parties to preserve status quo ante bellum way that taxpayers should go along to pay their VAT, adding that FIRS would go along to gather VAT from taxpayers in all states of the federation on behalf of the Federal Authorities.

She said this will subsist until the final determination of the instance on VAT collection before the Tribunal of Appeal sitting in the FCT.

“The ruling of the Tribunal of Appeal has if the much-needed certainty, clarity and consistency that will enable compliance without disruption to business piece a final resolution is awaited,” she said.`

The Government minister said the authorities would go along to supply the taxation paying public with updates on the matter, as proceedings unfold at the appellate tribunal.

FIRS public notice: Extension of time to file 2021 Year of Assessment Income Tax Return, TaxProMax upgrade





Source link from dailypost.ng

Assist Jiokcareers grow by

GIVING CRYPTOCURRENCY

So we can expand and extend our attain

DONATE HERE

Leave a Reply

Your email address will not be published. Required fields are marked *