LASG and Rivers State Expresses Readiness to begin the Collection of Value Added Tax

The Lagos State Governments and the Rivers states have expressed their readiness to begin the collection of Value Added Tax in accordance with the judgement of a Federal High Court in Port Harcourt, which ruled that states, and not the Federal Inland Revenue Service, should be collecting VAT and Personal Income Tax.


Already, the Rivers State Governor, Nyesom Wike, had signed into law the bill that empowers the state to collect VAT, while the Lagos State Government said it had already notified all the stakeholders involved in the payment and receipt of VAT of its resolve to enforce the judgement to the letter.

CC: PunchOnline

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