Business
FG reconstitutes Tax Appeal Tribunals
The Federal Government has reconstituted the Tax Appeal Tribunals in the six geo-political zones as well as Lagos and Federal Capital Territory.
The reconstitution of the Tribunals is in accordance with Section 2(1) of the Fifth Schedule of the Federal Inland Revenue Service (FIRS) Establishment Act.
The Minister of Finance, Mrs. Kemi Adeosun, who announced this on Thursday in Abuja, said the Tribunals would adjudicate over disputes arising from the operation of Federal Tax Laws and Regulations in the country.
The Minister said, “The reconstitution of the Tax Appeal Tribunals is an essential part of building tax payers trust and confidence in the fairness of the system.
“The Federal Ministry of Finance has undertaken a rigorous process to select competent persons on the basis of merit who will be expected to discharge their duties professionally.”
She added that the Ministry sought nominations from a number of professional bodies and stakeholders, including the Institute of Chartered Accountants of Nigeria (ICAN), Association of National Accountants of Nigeria (ANAN), Chartered Institute of Taxation of Nigeria (CITN), Nigeria Bar Association (NBA) and the Nigerian Association of Chambers of Commerce & Industry, Mines and Agriculture (NACCIMA).
The Tax Appeal Commissioners, according to the Minister, are expected to hold office for a term of three (3) years from the date of appointment.
Each Tribunal is made up of a Chairman and four Commissioners knowledgeable in the laws, regulations, norms and practices of taxation in Nigeria, management and trade.
-
Health7 days agoSenate hearing set to review research on COVID-19 vaccines, cancer concerns
-
Crime5 days agoLASU student dies after armed robbery attack
-
Featured5 days agoOsun APC counters Adeleke over security drone dispute, urges public to ignore allegations against Oyetola
-
Latest7 days ago2027: North will back Tinubu’s re-election bid, says ex-ACF Secretary-General
-
Latest1 week ago2027: The real reason Jonathan hasn’t accepted PDP ticket—Umar Sani
-
Politics5 days agoEmeka Ike reacts to alleged INEC-linked data breach
-
Latest1 week agoCG Musa 4 PBAT’ group declares support for Tinubu’s 2027 ambition, cites strategic leadership
-
Latest1 week agoEnugu Lawyers stage protest over suspension of physical Court sittings (video)

