TAX TALK—Status Quo Ante Bellum means the state of affairs as existed previously. The Court of Appeal ordered that the Status Quo Ante Bellum be maintained on the judgement of the Federal High Court on Rivers State vs. FIRS. The FIRS applied for a stay of execution of this judgment. The Court of Appeal did not hear the FIRS motion for stay of execution, but ruled that before it hears that application, next week parties should not do anything that would give effect to the judgment of the Federal High Court. The judgment of the Federal High Court sitting in Port Harcourt, Rivers State is stayed and the status quo ante bellum will remain till the Court of Appeal hears the FIRS’ application for stay of execution. Taxpayers will continue to make their VAT payment to the Federal Government as has always been the case. The Appeal Court ruling restrains Rivers State Government, or any other state government from compelling businesses and residents of their state to pay VAT to it.

Continue reading at https://ybtcnews.com/what-we-know-about-the-court-of-appeal-ruling-of-friday-september-10-ordering-that-the-status-quo-ante-bellum-be-maintained/

Ok, the matter will settled at SC