Connect with us
DOWNLOAD THE ABNTV NEWS MOBILE APP
Now Available On:

Breaking News

FG need to reconstitute tax appeal tribunal panels – Lagos lawyer

Published

on

A Lagos-based lawyer and taxation expert, Mr. Donald Egho, has charged government to urgently reconstitute the various panels of Tax Appeal Tribunal (TAT).

He also condemned the huge amount of funds currently trapped at the Tax Appeal Tribunal.
Speaking with newsmen in Lagos, Egho decried the huge amount of taxes due to the federation, which he estimated at over USD $5 billion, currently lying fallow, in the various divisions of the tribunal.

According to him, the funds are disputed taxes, currently subject to litigation and pending before TAT.

“The continued failure of the Federal Government to urgently reconstitute the various panels of TAT means those taxes due to the Federal Government will remain suspended for as long as there are no panels to adjudicate on the disputes; thereby robbing both the states and the Federal Government of urgently needed revenue.

“As long as taxes are disputed, they remain in a state of abeyance, pending the determination, one way or the other by the tribunal.”

DISCLAIMER:Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers of ABN TV

For publication of your news content, articles, videos or any other news worthy materials, please send to [email protected]

For Advert and other info, you can call 07013559600 or send a WhatsApp Message to 07013559600

Please drop your comments below

comments

Advertisement
9 Comments

9 Comments

You must be logged in to post a comment Login

Leave a Reply

Advertisement
Advertisement
Advertisement

Trending