Nigeria: Challenge to tax authority’s declaration of deemed dividend rejected (tribunal decision)
Lagos zone of the Tax Appeal Tribunal
Lagos zone of the Tax Appeal Tribunal
The Lagos zone of the Tax Appeal Tribunal rejected a taxpayer’s challenge to the discretionary powers of the Federal Inland Revenue Service (FIRS) under section 21 of the Companies Income Tax Act, as amended, to declare the taxpayer’s payment of a deemed dividend.
Read a May 2024 report prepared by the KPMG member firm in Nigeria
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