Kingsley Moghalu

Kingsley Moghalu reacts to Rivers VAT ruling

Kingsley Moghalu reacts to Rivers VAT ruling

The former presidential candidate of the Young Progressives Party (YPP), Kingsley Moghalu, has described the recent judgment of the federal high court in Port Harcourt, Rivers state, on value-added tax (VAT) collection as the “correct one”. Last month, the court 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. Nyesom Wike, Rivers governor, went ahead to sign a bill on VAT collection into law. Wike also informed businesses that payment to the state government would commence in September. However,…
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