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Gov. Wike directs implementation of Rivers State Value Added Tax law 2021

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Governor Nyesom Wike has directed the Rivers State’s Inside Income Service to right away start the implementation of the state’s value-added legislation 2021.

The invoice was not too long ago handed by the Rivers State Home of Meeting and signed into legislation by the governor final month.

The passage and signing of the legislation adopted a courtroom judgment that empowered state governments to gather Worth Added Tax as a substitute of the federal authorities via the Federal Inland Income Service.

The governor gave the directive throughout a nationwide broadcast from the state Authorities Home in Port Harcourt.

Governor Wike suggested Company our bodies within the state to make sure they adjust to the legislation by paying their taxes to the state authorities or danger being sanctioned together with “the sealing off of their companies”.

“And with at the moment’s judgment, the best way is now clear for the administration and enforcement of the Rivers State Worth Added Tax Regulation 2021 throughout your entire state till in any other case determined and put aside by the Superior Courts.

“Consequently, I hereby direct the Rivers State Income Service (RSRS) to make sure the complete and whole implementation and enforcement of this legislation in opposition to all company our bodies, enterprise entities and people with quick impact”.

“All company our bodies, enterprise entities and people are suggested to willingly, honestly and promptly adjust to their tax obligations beneath this legislation to keep away from the complete weight of the stipulated sanctions, together with having their enterprise premises sealed-up”.

“Let me warn that the Rivers State Authorities is absolutely accountable for the State and won’t tolerate any additional try by the FIRS to sabotage or undermine our authority to freely administer our tax and different associated legal guidelines in our personal State. Those that play with hearth danger having their fingers burnt. Sufficient of the shenanigans”.

Governor Wike mentioned the legislation will likely be in place till the judgment is put aside by a superior courtroom.

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