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Nigeria gains N49billion in Tax Revenue

Nigeria on Wednesday gained N49billion after the Tax Appeal Tribunal recovered the said amount from a foreign company. TSKJ 11  Construces International Sociaade UNIPESSOAL, that owes the Federal Government tax revenue.

The company had carried out the construction Nigerian Liquified Natural Gas.

The tribunal consequently ordered the company to pay the said sum to the Federal Government as its tax liabilities for 2008 and 2009 tax years.

TSKJ 11  Construces International Sociaade UNIPESSOAL had earlier approached the Tribunal asking it to hold that assessment of tax made by Federal Inland Revenue Services FIRS was contrary to the relevant tax laws and therefore should be set aside.

The company however, filed three appeals out of which two were consolidated.

The Tribunal had in a unanimous judgments held that, “this Tribunal hereby dismisses these two appeals filed by Appellant in the consolidated case TAT/ABJ/APP/006/2006 and TAT//ABJ/APP/2010 and order with respect to TAT/ABJ/APP/006.

The tribunal held that,”An order that the Respondents’ notices of refusal to amend assessment with reference numbers: 11D/CT/BA/DD/026, 11D/CT/BA/ADD/027, 11D/CT/BA/ADD/028, 11D/CT/BA/ADD/029, 11D/CT/BA/ADD/030, 11D/CT/BA/ADD/031 are hereby upheld, wholly.

“An order that the Respondent’s notices of additional assessments listed in paragraph 1 above are upheld wholly.

The Tribunal further held that the Respondent’s notices of refusal to amend assessment with reference number LD/OG/2100133/CRM/0236/401-PDBA 212 and LD/0G/2100133/CRM/401-PDGA 210 is hereby upheld as proper and wholly.

It also held that an order that the appellant’s tax liabilities for 2008 and 2009 tax years as computed in the self assessment forms submitted by the Appellant to the Respondent in respect to those years being the sums of USA 550, 556. 74 respectively and the tax liabilities have not been fully paid, but the appellant shall pay tax as assessed by the Respondent.

Premised on this background, the Tribunal “dismissed Appeal No. TAT/ABJ/APP/006 and TAT/ABJ/APP/017/2010.

In the same vein, the Tribunal dismissed suit No. TAT/ABJ/APP1010/2008 and pronounced that “assessment of tax made by the respondent on the appellant is hereby upheld and the Appellant shall pay same forthwith to the respondent as contained in the respondent’s Notices of Additional Assessment No. PRBA 09 dated 19/02/2008 the sum of $2, 770, 689,   PRBA 12 dated 19/02/2008 the sum of $ 3, 269, 488  and another PRBA amounting to $ 3, 763, 313.

AmarSim Associations Development Consultants

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