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 on Value Added Tax (VAT), directing taxpayers to continue to honour their tax obligations under the VAT act to the agency.
The federal tax authority stated its own position some hours after a Federal High Court sitting in Port Harcourt, Rivers State, dismissed an application by the FIRS, seeking to stop the Rivers State Government from collecting VAT.
According to the News Agency of Nigeria, this advice is contained in a statement issued by the Special Assistant to the Executive Chairman of FIRS on Media and Communications, Johannes Wojuola, on Monday in Abuja.
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