Reviewing the tax regime for the 2020 fiscal year, it has been detected that taxpayers massively protested and disputed taxes levied on them. This is indicated with the latest brief from the Tax Appeal Tribunal, TAT Southwest Zone sitting in Ibadan, Oyo State that the financial value of appeals pending at the court exceeded ₦11billion at the end of the year 2020.
Taxmobile.Online learnt that the tribunal sits in eight zones across the country, with the Southwest Zone covering five states: Oyo, Ogun, Osun, Ondo, and Ekiti.
Mr. Hilary Onwe, the Zonal Administrator revealed in a recent chat that the zone resolved disputes valued at billions of naira in the outgone year, adding that the Federal Inland Revenue Service (FIRS) also patronised the tribunal.
Onwe noted that the zone’s panel chaired by Mr. Akinmade Ajibola, comprised of experts in tax law, tax administrators, and professionals “who are poised to deliver on the tribunal’s mandate”.
The Chairman of the Southwest zone of the tribunal, Hon. Akinmade Ajibola, had during an event put together to wrap up activities of the tribunal in the outgone year, called on taxpayers and tax authorities alike, to take advantage of the tribunal to resolve whatever tax disputes or tax-related questions that confront them.
What you need to know about TAT
TAT was established under section 59(1) of the Federal Inland Revenue Service (FIRS) Act of 2007, with the mandate to resolve tax disputes between taxpayers and all levels of tax authorities, whether federal or state.
Although a deemed civil court, with attendant powers, TAT is inclined to substantial tax justice devoid of the penchant for technicalities as obtainable in the regular courts.
Processes at the Tax Appeal Tribunal are time-saving, business-like, convenient, pocket-friendly, and at the same time professional.
The rest of his statement:
“As the new year begins and tax activities gear up, especially in the new awakening of governments at all levels that tax revenue is the most sustainable source of revenue open to governments to fund public expenses, many tax issues and questions are bound to arise.
“It is only apposite that such tax issues and questions are turned over to the Tax Appeal Tribunal, a specialised tax dispute resolution agency, quick, balanced in approach, knowledgeable and conversant with tax laws and taxation, to timeously and professionally lead the light in the resolution of such disputes, so as not to tie down tax revenues through unending litigation and processes that drag.”