Value Added Tax (VAT): The Implications of the Judgment of the Federal High Court in AG Rivers State v. FIRS & Anor.

VALUE ADDED TAX (VAT): THE IMPLICATIONS OF THE JUDGMENT OF THE FEDERAL HIGH COURT IN AG RIVERS STATE V. FIRS & ANOR.

The Value Added Tax (“VAT”) was introduced by the Federal Government of Nigeria in 1993 via the Value Added Tax Decree as a form of consumption tax to replace the previously applicable Sales Tax.