BREAKING: FG suffers defeat as Senate breaks hold over VAT

The Senate may have gone ahead of the Supreme Court to amend the 1999 Nigerian Constitution with regard to the Value Added Tax (VAT).

Voting on the report of the Senate Committee on the Amendment of the 1999 Constitution, presented by the Deputy Senate President, Ovie Omo-Agege, on Tuesday, the senate voted in the affirmative to remove VAT from the Exclusive Legislative list of the Constitution.

If the bill is adopted by the Federal House of Representatives and passed by the state houses of assembly, the Federal Government will no longer have the exclusive right to collect VAT.

READ: Wike started a revolution with VAT law – Adegboruwa

RELIABLESOURCENG.COM reports that the Rivers State Government had dragged the Federal Government to court over who has the right, between the Federal Government and the state government, to collect the Value Added Tax.

The case is currently before the Supreme Court.

A total of 88 senators voted in the matter of leaving the VAT on the exclusive list. While 41 voted ‘Yes’ 44 voted ‘No’.