The Lagos Sate Governor, Babajide Sanwo-Olu has signed State VAT Bill bill passed by the House of Assembly into law.
The information is contained in statement signed the Honourable Commission of Information and Strategy, Gbenga Omotosho.
According to
PRESS STATEMENT
Sanwo-Olu signs VAT Bill into lawLagos State Governor Babajide Sanwo-Olu has signed into law the State VAT Bill as passed by the House of Assembly.
The Governor signed the “bill for a law to impose and charge VAT on certain goods and services” at about 11. 45am today , after returning from an official trip to Abuja .
By this act, the Bill has now become a Law.
Gbenga Omotoso HC, information & Strategy
This comes in spite off the order by the Appeal Court sitting in Abuja restraining the governments of Rivers and Lagos States from their plans to collect the Value Added Tax (VAT).
In its ruling on Friday, the court had ordered both states to maintain status quo pending the determination of an appeal lodged by the Federal Inland Revenue Service (FIRS)
A 3-man panel of Justices of the appellate court led by Justice Haruna Tsammani said the order was to preserve the ‘Res’ (subject matter)of the appeal before it.
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Governor Sanwo-Olu Signs VAT Bill into Law