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 which dismissed its motion for stay of execution of the judgment that Rivers State can collect Value Added Taxes from its resident, stating that “until the Court of Appeal, or even the Supreme Court, determines the matter, tax payers are required to continue to comply with their Value Added Tax (VAT) obligations within the status quo framework
”The FIRS disclosed this in a statement by the Special Assistant to the Chairman of the FIRS on Media and Communications, Johannes Wojuola.
“The FIRS having lodged, in the Court of Appeal, both an appeal against the decision of the Federal High Court sitting in Rivers State in Suit No. FHC/PH/CS/149/2020, Attorney General of Rivers State Vs Federal