Tax Appeal Tribunal delivers landmark ruling against Abia State Board of Internal Revenue
The Tax Appeal Tribunal on 21 August 2019, in the case between Polaris Bank PLC (the Appellant) V. Abia State Board of Internal Revenue (the Respondent), affirmed that statutorily stipulated procedures must be followed before a tax liability determined from an audit exercise becomes payable by a taxpayer.
TAT provides clarification on VAT and WHT implications of reimbursable expenses
The Tax Appeal Tribunal (TAT), on 2 June 2016, delivered a ruling on the applicability of value added tax (VAT) and withholding tax (WHT) on reimbursable expenses in the case between Brasoil Oil Services Company (Nigeria) Limited (Brasoil or the Company) and Federal Inland Revenue Service (FIRS). Other issues considered in the case include the applicability of WHT on extraterritorial income and the liability of taxpayers to interest and penalties on additional assessments, after validly objecting to FIRS’ assessments and subsequently filing appeal to contest such assessments.