The federal government has urged taxpayers to pay their Value Added Tax (VAT) to the Internal Revenue Service (IRS) (FIRS).
The federal government pleaded with citizens to pay their VAT after announcing that it was experiencing economic and fiscal issues.
This was stated in a public notice issued on Thursday in response to the confusion caused by the Federal High Court’s decision in Suit Number FHC/PH/CS/149/2020, as well as the subsequent enactment of VAT laws by various states.
The Ministry of Finance, Budget, and National Planning published the public notification, which was signed by Minister Zainab Shamsuna Ahmed.
“VAT Collection: This is No Time for Litigations,” the notice stated. “Nigeria, like other countries, is facing economic and revenue challenges, and all hands must be on deck to help Nigeria weather the storm.” As a result, it is not the time for lawsuits, but rather for collaboration.”
According to Ahmed, the Court of Appeal’s direction for parties to maintain the status quo ante bellum means that taxpayers should continue to pay their VAT, and that FIRS will continue to collect VAT on behalf of the Federal Government from taxpayers in all states of the federation.
“While a final settlement is anticipated, the Court of Appeal judgement has offered the much-needed stability, clarity, and consistency that will enable compliance without disrupting business,” she said. `
As the dispute progresses in the appeal court, the Minister stated that the government would continue to offer information to the taxpaying people.