Tax Tribunal Orders new generation Bank to Remit N161 Tax to Plateau Internal Revenue
Tax appeal tribunal , North central zone , sitting in Jos the Plateau State capital has ordered a new generation Bank to remit the undisputed sum of N 161,483,590.68 being tax liability for the 2014_ 2019 tax years.
The Tribunal reached this decision while ruling on appeal brought before it by the Bank over tax assessment made by PSIRS.
In it’s appeal the bank claimed that the assessment made to it in the sum of N 537, 196, 180.51 is excessive. In the notice of appeal the bank through it’s Tax Consultant claimed the it’s liability is the sum of N161,482,590.68.
Delivering the ruling of the Tribunal, the Chairman of the Tribunal Hon. Richard Bala noted the disputed claims and thereafter Order the Bank to pay the undisputed amount in the sum of N 161,482,590.68 within 28 days from the date of the Order while parties avail themselves at the Tribunal on the disputed amount.
Freelance Reporters 