TRIBUNAL RESOLVES N288BN TAX CASES IN SIX MONTHS

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The Tax Appeal Tribunal has dispensed with tax cases valued at N288 billion since the members were reconstituted six months ago.

Permanent Secretary Special Duties of the Federal Ministry of Finance Dr. Mohammed Kyari Dikwa made this disclosure in Abuja on Tuesday while speaking at the Tax Appeal tribunal retreat. He said others tax matters before the tribunal were at various stages of settlement, noting that some may end up at the high court since the law provides for appeal.

 According to him, “Appeals resolved mutually or through judgement are: forty two (42) with disputed tax value of:  NGN 288.1 billion, USD 5.41 billion. However, it is pertinent to note that some of the resolved cases are at various stages of settlement or recovery while some might probably go on appeal at the Federal High Court.”

 The recently constituted Tax Appeal Tribunal (TAT) he said “now provides the platform for quick disposal of contentious tax issues” and assured that the federal Ministry of finance “is committed to supporting the tribunal as it helps government generate more non-oil revenue.”

 Earlier, Coordinating Secretary of the Tax Appeal Tribunal, Mr Mohammed Lawal Abubakar in his remarks said objectives of the retreat was to review performances, identify and sport out gaps, straighten ways of processes and procedures of its operations strengthen staff capacity.

The tribunal he said has struck out some 66 appeals with disputed tax value of N22.03 billion, USD1.06 billion “for other reasons such as lack of diligent prosecution or discontinuance by parties.”

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