{"id":80567,"date":"2021-09-09T15:21:43","date_gmt":"2021-09-09T14:21:43","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=80567"},"modified":"2021-09-09T15:21:43","modified_gmt":"2021-09-09T14:21:43","slug":"moghalu-backs-rivers-vat-ruling-says-restructuring-has-already-begun-by-force","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/09\/09\/moghalu-backs-rivers-vat-ruling-says-restructuring-has-already-begun-by-force\/","title":{"rendered":"Moghalu backs Rivers VAT ruling, says restructuring has already begun by force"},"content":{"rendered":"<p>Former presidential candidate of the Young Progressives Party (YPP), Kingsley Moghalu has backed the VAT ruling,\u00a0describing the recent judgement of the federal high court in Port Harcourt on value-added tax (VAT) collection as the &#8220;correct one&#8221;.<\/p>\n<p>Recall that the court as at last month issued an order restraining the Federal Inland Revenue Service (FIRS) from collecting VAT and Personal Income Tax (PIT) directing the Rivers state government to take charge of the collection.<\/p>\n<p>Rivers governor, went ahead to sign a\u00a0bill on VAT collection into law. Wike also informed businesses that payment to the state government would\u00a0commence in September.<\/p>\n<p>Meanwhile, FIRS still maintains that taxpayers must continue to honour their<a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/09\/07\/firs-speaks-on-vat-judgement-asks-taxpayers-to-maintain-status-quo\/\">\u00a0tax obligations<\/a> under the VAT Act\u00a0until the court of appeal or supreme court gives a final verdict on the issue.<\/p>\n<p>Speaking on the development, Moghalu said the court order in favour of Rivers state struck \u201ca blow at the lazy federal government.\u201d<\/p>\n<p>In a\u00a0series of tweets\u00a0on Wednesday, the former deputy governor of the Central Bank of Nigeria (CBN) said he expected that the court order will be appealed up to the supreme court.<\/p>\n<p>\u201cThe Federal High Court ruling on VAT is the correct one, though we can expect litigation to the Supreme Court. It strikes a strong blow at THE LAZY FEDERAL GOVERNMENT whose head once called our youth \u201clazy\u201d. Nigeria has long been a fiscally failed state,\u201d the tweet reads.<\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWhy should states in a supposed federation be producing mainly for @NigeriaGov?#Restructuring has already begun, by fire by force. I pity those who think they can stop the wind.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, controversies regarding VAT collection have been on the trail between the FIRS and the Lagos state government.<\/span><\/p>\n<p>Similarly,\u00a0<span data-preserver-spaces=\"true\">Lagos had directed FIRS to stop issuing demands notices for<\/span><span data-preserver-spaces=\"true\">\u00a0payment of VAT in the state following the judgement of the federal high court in Port Harcourt on August 9, 2021.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The state house of assembly passed the VAT bill (bill empowering Lagos to collect VAT) into law on Thursday.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former presidential candidate of the Young Progressives Party (YPP), Kingsley Moghalu has backed the VAT ruling,\u00a0describing the recent judgement of the federal high court in Port Harcourt on value-added tax (VAT) collection as the &#8220;correct one&#8221;. Recall that the court as at last month issued an order restraining the Federal Inland Revenue Service (FIRS) from [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":80568,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[2726,17587,15406,17586],"class_list":["post-80567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-kingsley-moghalu","tag-tax-obligations","tag-vat","tag-young-progressives-party"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Moghalu backs Rivers VAT ruling, says restructuring has already begun by force<\/title>\n<meta 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