News

IF EVERY STATE IMITATES LAGOS, RIVERS ON VAT, THERE WILL BE CRISIS — NORTHERN GOVERNORS SAYS

The northern governors have said that if every state of the federation follows the Lagos and Rivers example in the Value Added Tax, VAT, controversy, there would be multiple taxation, rise in prices of goods and services and collapse of inter-state trade.

They were also of the opinion that the said states were mistaking sales tax for VAT.


DCO Global News
Published on September 27, 2021
By Odoh Dominic Chukwuemeka


The governors, on the platform of Northern Governors Forum, NGF, met in Kaduna to deliberate on, among others, issues bordering on insecurity and the VAT controversy.


They took their stand on the issues in a communique released after the meeting.

On VAT, the governors held that “Rivers and Lagos states enacted their own VAT laws and the Southern Governors Forum have expressed support for this course of action.


“VAT is being confused by these state governments as a sales tax.

“If every State enacted its own VAT Law, multiple taxation will result in increases of prices of goods and services and collapsed in interstate trade.


“VAT is not a production tax like excise, but terminal tax which is paid by the ultimate consumer.”

On why Lagos accounts for a huge chunk of VAT, the northern governors said: “Lagos accounts for our 50% VAT collection because most of the telecommunication companies, banks, manufacturing and other trading activities have their headquarters in Lagos, with the resultant and wrongful attribution of VAT.”


They decide that “Until and unless the Supreme Court pronounces judgement on the substantive matter between Rivers State and Federal Government, the matter is sub judice and Northern States Governors Forum would respect this.”




By Odoh Dominic Chukwuemeka

FOR ADVERT PLACEMENT CALL OR TEXT OUR WHATSAPP NUMBER +886970840314


Click to Follow our website Dco-global-news.com

FB page; DCO Global News

DCO Global News Contacts;
For information on Press Releases, News, Advertisements, Videos, Photos, Events happenings, Promotional Events and Adverts, Share your stories with us, Please Call or Send a Text to our Whatsapp number; +886963563485, +886970840314.
Or send an email to; chionikdom02@yahoo.com, emydom29@gmail.com
(Like and Follow our Facebook Page; DCO Global News)
(Follow us on Twitter; @Dcoglobalnews)
(Follow us on LinkedIn; Dco Global News)
(Follow us on Tumblr; Dcoglobalnews)
(Follow us on Google +; Dco Global News TV)
(Subscribe to our YouTube Channel; DCO Global News TV)
Subscribe to DCO Global News.
Advertise with us.


Send us enquiries, Press releases.
DCO Global News Promotes the Values of Democracy, Human Rights, Values of Life and Freedom of Expression in a Region Where Genuine Media Freedom Remains Elusive and where many Media outlets remain Divided along Ethnic Lines.
Let’s 🚶 Walk the 🚶 Walk 🚶 Together.
Don’t miss a thing, get the latest updates to fuel your conversation daily.


For 2021, DCO Global News commit to another year of high-impact reporting that can counter misinformation and offer an authoritative, trustworthy source of news for everyone. With no shareholders or political owner, we set our own agenda and provide truth-seeking journalism that’s free from commercial and political influence. When it’s never mattered more, we can investigate and challenge without fear or favour.


(Support DCO Global News.)
LET’S HAVE YOUR SAY, LET’S KNOW YOUR THOUGHTS.
LIKE, SHARE AND COMMENT.
TEXT AD: To advertise here.
Call Dominic +886970840314…
© DGN NEWS MEDIA 2021.
All Rights Reserved.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s