On 9th August, 2021, the Federal High Court (FHC or “the Court”) sitting in Port Harcourt, Rivers State, Nigeria, delivered a Judgment in the case of Attorney General for Rivers State (“AG Rivers”) v Federal Inland Revenue Service (FIRS) & Attorney General of the Federation. The FHC held that the National Assembly lacks the constitutional powers to enact any law to collect any tax outside of stamp duties, taxation of incomes, profits and capital gains.
Specifically, the Court ruled that the Federal Government is not empowered to impose any form of sales tax including Value Added Tax (VAT). The Court further declared the Taxes and Levies (Approved List for Collection) Act (Taxes and Levies Act) null and void for being inconsistent with the 1999 Constitution.
Source: andersen.com
Latest Posts in "Nigeria"
- Why Exporters Must Still Pay VAT on Local Purchases in Nigeria: Common Misconceptions Explained
- Nigeria Centralises VAT Collection as Customs Exits, NRS Takes Over Amid Sweeping Tax Reforms
- Nigeria VAT Compliance: Navigating TaxPro Max for Digital and Non-Resident Suppliers
- Why Nigeria’s Most Vibrant States Receive Less VAT Revenue Than They Generate
- Nigeria Mandates E-Invoicing for SMEs, Sets Timeline for Full Digital Tax Compliance
