Wednesday, October 5, 2022

VAT Bill Scales 1st And 2nd Reading At Ogun House Of Assembly

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Amid the controversy that has trailed the dispute between the Federal Inland Revenue Service (FIRS) and some states over the collection of Value Added Tax (VAT), a newly introduced Value Added Tax Bill has scaled its first and second reading at Ogun state house of assembly. VAT Wahala

The proposed bill which scaled first and second readings on the floor of the State House of Assembly on Tuesday, September 14, was given unanimous backing by Ogun lawmakers.
READ ALSO: Court Of Appeal Stops Rivers And Lagos From Collecting VAT

The bill seeks to “accord the State its rightful position as a viable federating unit amongst the comity of States generating worthy financial returns in the country” and it was supported by the whole house through a voice vote at a plenary presided over by Speaker Olakunle Oluomo.

After lawmakers outlined the need for enactment of the proposed law, the speaker committed the bill to the Committee on Finance and Appropriation for further legislative actions.
READ ALSO: Lagos Assembly Passes Open Grazing Ban Bill And VAT Bill On The Same Day

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Oluomo said the public hearing on the bill would hold on Thursday, 16th September 2021 at 10:00 am prompt. A similar bill has been passed and signed into law in Rivers and Lagos states.

Also Read:  That Sharp Naija Guy: 5 Types Of Ladies Nigerian Men Will Take On A Date...That’s If They Really Have To

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Photo Credit: Getty

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