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20 July 2018 Nigerian Government reconstitutes Tax Appeal Tribunals Nigeria's Federal Ministry of Finance issued a press statement, on 12 July 2018, regarding the reconstitution of the Tax Appeal Tribunals (TATs) in the six geo-political zones in Nigeria as well as Lagos and the Federal Capital Territory, Abuja. The reconstitution of the TATs, which was disclosed by the Honorable Minister of Finance, Mrs. Kemi Adeosun (the Minister), is in accordance with Section 2(1) of the Fifth Schedule of the Federal Inland Revenue Service (FIRS) Establishment Act. The Minister confirmed that the reconstituted TATs will adjudicate over disputes arising from the operation of federal tax laws and regulations in the country as an essential part of building taxpayers trust and confidence in the system. Nominations were sought from a number of professional bodies and stakeholders, including the Institute of Chartered Accountants of Nigeria, Association of National Accountants of Nigeria, Chartered Institute of Taxation of Nigeria, Nigeria Bar Association and the Nigerian Association of Chambers of Commerce & Industry, Mines and Agriculture. Each Tribunal is made up of a Chairman and four Commissioners. The Tax Appeal Commissioners will be expected to hold office for a term of three years from the date of appointment. It is expected that tax disputes, which were suspended due to the fact that there were no panels available to adjudicate, should begin to receive a quick turnaround by the newly established tribunals.
Document ID: 2018-5887 |
