Despite the dismissal of its application for a stay of execution on an earlier judgment in favour of the #RiversStateGovernment to collect and retain the proceeds of #ValueAddedTax in the state, the #FederalInlandRevenueService, #FIRS, has remained defiant.
In a statement shortly after the rejection of its application on Monday, the FIRS ordered businesses and individuals resident in #RiversState to continue to honour their tax obligations as prescribed under the #VATAct.
The FIRS said the ruling of the Federal High Court sitting in #PortHarcourt should not cause any confusion on the obligation of taxpayers and they should continue to comply with the VAT Act, pending the determination of its appeal by a superior court.
The FIRS expressed confidence that it will get a judgment in its favour at the appellate court.
#DeleFarotimi, a lawyer and popular human rights activist, discusses the legal fireworks expected to ensue all the way to the Supreme Court, the import of this case on fiscal federalism, and the FIRS’ defiance of the court’s dismissal of its application.
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