Nigeria Tax Appeal Tribunal Upholds Statute of Limitations in State Tax Assessment Case

Nigeria's Tax Appeal Tribunal recently issued a decision involving the statute of limitations and other issues in a state tax assessment case. The case concerned a bank in the state of Abia that was subject to a tax audit and issued an assessment for Pay-As-You-Earn (PAYE) taxes, staff development levy, and business premises levy amounting to NGN 1.5 billion for the years 2006 to 2011. The taxpayer agreed to pay NGN 39 million for PAYE taxes but disputed the rest of the assessment. The state …