FIRS boss Nami fails to get exclusive VAT collection right
Muhammad Nami, the chairman of the Federal Inland Revenue Service, FIRS, has failed to have his much-sought rights to exclusive VAT collection.
This is as the National Assembly on Tuesday voted against a bill seeking to bestow such rights on the FIRS by having the VAT solely on the Exclusive List.
TheCornet reports that Nami had lobbied the National Assembly previously for the purpose. In his letter to the National Assembly, Nami also requested for the FIRS exclusive adjudication on tax disputes, including federal tax laws, companies income tax, petroleum tax, income tax, capital gain tax, stamp duty, VAT and taxes and levies as well as other laws, regulations, proclamations, government notices and rules to the federal collector.
“The Federal Inland Revenue Service (FIRS) proposes for the insertion of value-added tax immediately after Stamp Duties under item 58 part II of 2nd schedule of the 1999 Constitution of the FRN,” the letter reads.
Nami’s move follows an order of a Federal High Court sitting in Port Harcourt restraining FIRS from collecting VAT and Personal Income Tax in Rivers state.
Voting on 68 proposed amendments to the Nigerian Constitution is currently under way in the National Assembly.