Finance
The Tax Appeal Tribunal (TAT), sitting in Abuja has appealed to members of the public and tax payers to approach it for redress on tax issues.
Mrs Alice Iriogbe, the Chairman of the tribunal, made the appeal on Monday at the commencement of the inaugural sitting.
Iriogbe said that the tribunal would assist in seeking clarifications on hazy tax policies.
“The tribunal is composed of seasoned professionals in tax laws, accountancy and taxation, who are competent to address any issue bordering on tax laws and practice.”
Iriogbe also said that the tribunal was expected to commence hearing of cases which had been pending since 2016.
According to her, the tribunal is set up to ensure justice is dispensed promptly and speedily for all and sundry, adding that further appeal goes to the Federal High Court on point of law.
The News Agency of Nigeria (NAN), reports that TAT was formally inaugurated on Nov. 5, in Abuja, by the Minister of Finance, Mrs Zainab Ahmed.
The tribunal has a mandate to resolve disputes arising from the operations of the tax laws and regulations as specified in the first schedule to the Federal Inland Revenue Service (FIRS) establishment Act, 2007.
The Acts are: Companies Income Tax Act, Petroleum Profit Tax Act, Personal Income Tax Act, Capital Gains Tax Act, Stamp Duties Act, Value Added Tax Act and Taxes and Levies Act.
The tribunal is established to resolve issues for other laws, regulations, proclamations, government notices or rules related to those Acts, which are expressly spelt out in the Fifth Schedule to the FIRS (Establishment) Act. (NAN)
– Nov. 26, 2018 @ 19:09 GMT |
Tags: Tax Appeal Tribunal appeals to citizens to approach it for redress on tax issues
