• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, June 25, 2025
Daily Concord News
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

    Edun Delivers: FG Revenue Hits N6.9 Trillion in Four Months, Surges 40% Over 2024

    President Tinubu Launches 2,000 Tractors For Mechanised Farming

    President Tinubu Launches 2,000 Tractors For Mechanised Farming

    Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

    Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

    Edun Secures Private Sector Backing for Fuel Market Stability, Energy Transition

    Edun Secures Private Sector Backing for Fuel Market Stability, Energy Transition

    Matawalle, Reaffirms Defence Ministry’s Commitment to Security as FG Vows Justice for Benue Massacre

    Matawalle, Reaffirms Defence Ministry’s Commitment to Security as FG Vows Justice for Benue Massacre

    Wale Edun Welcomes Shell’s Renewed Commitment To Nigeria’s Energy Sector

    Wale Edun Welcomes Shell’s Renewed Commitment To Nigeria’s Energy Sector

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech
    Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

    Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

    NASENI Excited Over President Tinubu’s “Nigeria First Policy”

    NASENI, PICTT Restate Commitment to Promote Female Engineering with Launch of DELT-Her 2.0

    NASENI Champions the Made-in-Nigeria Products Drive in Kebbi State

    MTN and Globacom Avoid Disconnection as Debt Dispute Resolved

    MTN and Globacom Avoid Disconnection as Debt Dispute Resolved

    Kwik Launches On-Demand E-Commerce Fulfillment Service In Nigeria With KwikShelf

    Kwik Launches On-Demand E-Commerce Fulfillment Service In Nigeria With KwikShelf

    DG NITDA Urges Computer Sciences Students to Drive ICT Innovation

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
  • Home
  • News
    • All
    • Africa
    • local
    • Nigeria
    • Science
    • World
    Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

    Edun Delivers: FG Revenue Hits N6.9 Trillion in Four Months, Surges 40% Over 2024

    President Tinubu Launches 2,000 Tractors For Mechanised Farming

    President Tinubu Launches 2,000 Tractors For Mechanised Farming

    Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

    Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

    Edun Secures Private Sector Backing for Fuel Market Stability, Energy Transition

    Edun Secures Private Sector Backing for Fuel Market Stability, Energy Transition

    Matawalle, Reaffirms Defence Ministry’s Commitment to Security as FG Vows Justice for Benue Massacre

    Matawalle, Reaffirms Defence Ministry’s Commitment to Security as FG Vows Justice for Benue Massacre

    Wale Edun Welcomes Shell’s Renewed Commitment To Nigeria’s Energy Sector

    Wale Edun Welcomes Shell’s Renewed Commitment To Nigeria’s Energy Sector

  • Politics
  • Business
  • Sports
  • Entertainment
    • All
    • Gaming

    Timipre Sylva Inaugurates the National Gas Expansion Programme, Committee

  • Tech
    Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

    Putting Nigeria First: NASENI Leads the Charge for Made-in-Nigeria Patronage

    NASENI Excited Over President Tinubu’s “Nigeria First Policy”

    NASENI, PICTT Restate Commitment to Promote Female Engineering with Launch of DELT-Her 2.0

    NASENI Champions the Made-in-Nigeria Products Drive in Kebbi State

    MTN and Globacom Avoid Disconnection as Debt Dispute Resolved

    MTN and Globacom Avoid Disconnection as Debt Dispute Resolved

    Kwik Launches On-Demand E-Commerce Fulfillment Service In Nigeria With KwikShelf

    Kwik Launches On-Demand E-Commerce Fulfillment Service In Nigeria With KwikShelf

    DG NITDA Urges Computer Sciences Students to Drive ICT Innovation

    Trending Tags

  • Lifestyle
    • All
    • Culture
    • Food
    • Health
    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    Diary of a Naija Girl’s Ifedayo Agoro & Frank Itom Are Engaged!

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    At Avalanche Book Launch, Nigerians Call For More Resources On Mental Health And Trauma Management

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    Femi Odekunle; The Pains That Won’t Go! By Haruspice

    The Unifying Factor of Culture

    Examining Arts as a Unifying Elements

    The Unifying Factor of Culture

    The Unifying Factor of Culture

    Senate President Greets Asiwaju Bola Tinubu @69

    Senate President Greets Asiwaju Bola Tinubu @69

    Trending Tags

  • Opinion
No Result
View All Result
Daily Concord News
No Result
View All Result
Home Business

FIRS Affirms Position On VAT Collection: Maintain Status Quo Till Final Determination Of The Matter

Tunde Abiola by Tunde Abiola
September 6, 2021
in Business, News
0
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

The Federal Inland Revenue Service (FIRS) has urged taxpayers not to panic over the recent court ruling by the Federal High Court sitting in Port Harcourt which dismissed its motion for stay of execution of the judgment that Rivers State can collect Value Added Taxes from its resident, stating that “until the Court of Appeal, or even the Supreme Court, determines the matter, taxpayers are required to continue to comply with their Value Added Tax (VAT) obligations within the status quo framework.”

The FIRS disclosed this in a statement by the Special Assistant to the Chairman of the FIRS on Media and Communications, Johannes Wojuola.

“The FIRS having lodged, in the Court of Appeal, both an appeal against the decision of the Federal High Court sitting in Rivers State in Suit No. FHC/PH/CS/149/2020, Attorney General of Rivers State Vs Federal Inland Revenue Service, and an injunction pending appeal of the said judgement, assures taxpayers that there is no cause for alarm.

“The Federal High Court ruling should not breed any confusion as to the obligations of taxpayers.  Taxpayers must continue to comply with the Value Added Tax Act pending the final determination of appeal.

“Taxpayers must continue to honour their tax obligations under the VAT Act. Failure to do this would put them on a collision course with the law”, the statement said.

“For the avoidance of doubt, records of appeal have been transmitted to the appellate court. The Service is confident that, given the extant laws, the arguments and case put forward, it will earn a favoured judgment at the appellate court”, the statement concluded.

Tags: FIRSVAT
Previous Post

APC National Chairmanship And Why Senator Dr. George Akume Is Best For The Job

Next Post

The 109 Intergrated Farm Estates in national food security

Tunde Abiola

Tunde Abiola

Next Post
The  109  Intergrated Farm Estates in national food security

The 109 Intergrated Farm Estates in national food security

  • Trending
  • Comments
  • Latest

NIN-SIM Linkage: A Kidnappers’ Bogeyman On The Roll?

April 5, 2024 - Updated on February 9, 2025

How Atiku’s Lawyer’s Travelled To Cambridge To Confirm Buhari’s Certificate – And The Disappointment That Followed

September 6, 2019 - Updated on February 9, 2025

Vanguard Apologizes To Professor Osinbajo Over Fake News, Retracts Story

September 25, 2019 - Updated on February 9, 2025

I Will Waive my Constitutional Immunity to Clear my Name – Osinbajo

September 25, 2019 - Updated on February 9, 2025
Nigeria

Lest We Forget: Security Issues in Nigeria from 1999 to Date!

0
ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

ISHA SESAY: A GOOD BOOK ON CHIBOK, HAMPERED BY MISREPRESENTATIONS

0
Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

Ministerial list: Nigerians react to Buhari’s nomination of Akpabio, Keyamo, Saraki, others

0
Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

Channels TV Reporter Precious Owolabi Shot During Shiite, Police Clash Is Dead

0
Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

Edun Delivers: FG Revenue Hits N6.9 Trillion in Four Months, Surges 40% Over 2024

June 24, 2025
Edun Unveils Roadmap For Investment-Led Growth At Stakeholders Engagement Session

Edun Unveils Roadmap For Investment-Led Growth At Stakeholders Engagement Session

June 24, 2025
President Tinubu Launches 2,000 Tractors For Mechanised Farming

President Tinubu Launches 2,000 Tractors For Mechanised Farming

June 23, 2025
Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

June 22, 2025

Recent News

Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

Edun Delivers: FG Revenue Hits N6.9 Trillion in Four Months, Surges 40% Over 2024

June 24, 2025
Edun Unveils Roadmap For Investment-Led Growth At Stakeholders Engagement Session

Edun Unveils Roadmap For Investment-Led Growth At Stakeholders Engagement Session

June 24, 2025
President Tinubu Launches 2,000 Tractors For Mechanised Farming

President Tinubu Launches 2,000 Tractors For Mechanised Farming

June 23, 2025
Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

Matawalle: Nigeria to Host West Africa’s International Centre for Electronic Navigational Charts

June 22, 2025
Daily Concord News

Bringing the most intriguing News from around the world you everyone in a positive way

Follow Us

Browse by Category

  • Africa
  • Basketball
  • Business
  • Culture
  • Economy
  • Education
  • Food
  • Football
  • Foreign Affairs
  • Gaming
  • Health
  • Health
  • Interviews
  • Lifestyle
  • local
  • News
  • Nigeria
  • Opinion
  • Politics
  • Science
  • Security
  • Sports
  • Tech
  • Uncategorized
  • World

Recent News

Wale Edun Rallies Private Sector to Deliver ₦1.5 Trillion Highway Investments

Edun Delivers: FG Revenue Hits N6.9 Trillion in Four Months, Surges 40% Over 2024

June 24, 2025
Edun Unveils Roadmap For Investment-Led Growth At Stakeholders Engagement Session

Edun Unveils Roadmap For Investment-Led Growth At Stakeholders Engagement Session

June 24, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Daily Concord News - All Rights Reserved.

No Result
View All Result

© 2025 Daily Concord News - All Rights Reserved.