Taiwo Oyedele, Fiscal Policy Partner and Africa Tax Leader at PwC has explained why he believes States should not be in charge of collecting Value Added Tax (VAT).
Oyedele made this explanation when he featured as a guest on Morning Crossfire with Sheriff Quadry to discuss the current tax tussle between the Federal government and State government.
A Federal High Court sitting in Port Harcourt, Rivers State on Monday, again, ruled against the Federal Inland Revenue Service, FIRS, a suit seeking to stop the Rivers State Government from commencing collection of Value Added Tax, VAT.
Lagos State Government has also expressed readiness to enforce the judgment to the letter.
But in his reaction, Oyedele said letting this judgement stand will have dire consequences as the States do not have the capacity for that yet.
Watch him explain below>>>