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Tuesday, June 18, 2024

VAT: FIRS Move For Amendment Dead On Arrival – Governor Akeredolu

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Oluwarotimi Akeredolu, the chairman of the Southern Nigeria Governors’ Forum and Ondo State Governor, has said that the amendments sought by the Federal Inland Revenue Service, FIRS at the National Assembly on the controversial Value Added Tax will be killed at the State House of Assemblies.

Akeredolu who said the law does not give power to the federal government to collect VAT and share it with other states, adding that the VAT should be under the state.

“That’s the position of the law. The FIRS seeking for amendment is a confirmation that they don’t have the power. The amendment will be dead on arrival. Why seek an amendment to a constitution when the provision is so clear,” Akeredolu explained.

The Governor spoke on ‘Arise TV Sunday Talk Show’ hosted by Reuben Abati.

The Governor insisted that if the federal government was to collect VAT for states, it can only get a percentage which the federal government can decide to share at the FAAC.

“You can only collect VAT on behalf of the states and hand their money over to them. You can only take a percentage there to help us to collect the money.”

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