Tax Dispute Resolution – NBC Institute

TAX – May 2017 – L2 – SB – Q4 – Tax Dispute Resolution

Explanation of options available to the Revenue Authority and the taxpayer in tax disputes, including jurisdiction of appeals and court conditions.

Question

Jandon is a Nigerian who lived abroad for many years and recently returned to establish a business in Nigeria. He appointed your firm to audit his financial statements. Jandon prepared his own tax computations for the year ended December 31, 2014, and submitted the returns to the Revenue Authority. However, the tax returns have been disputed by the Revenue Authority.

Required:

a. Explain the options open to the Revenue Authority on receipt of a Letter of Objection. (2 Marks)

b. Outline the content of a Notice of Objection. (3 Marks)

c. Describe the jurisdiction of the Tax Appeal Tribunal. (6 Marks)

d. List the conditions to be fulfilled for an appeal to the Federal High Court to be valid. (4 Marks)

e. Identify the options available to an aggrieved taxpayer dissatisfied with the Federal High Court’s decision. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Federal High Court, Tax Appeal Tribunal, Tax Dispute, Taxpayer Rights
Level: Level 2

Topic: Tax Dispute Resolution
Series: MAY 2017

TAX – May 2023 – L2 – SA – Q3 – Tax Dispute Resolution

Explain conditions for final assessment and discuss objection and appeal procedures for tax assessments.

Question

Taxation has been defined as the imposition of compulsory levies on individuals and entities by governments in most countries in the world. The primary objective of taxation is essentially to generate revenue or raise money for government expenditure on social welfare.

You were appointed as the accountant of Specks Nigeria Limited on August 31, 2022. Based on self-assessment, the company filed the audited financial statements for the year ended December 31, 2021, together with its tax computations on June 7, 2022, and the relevant tax liabilities were fully paid on the same date.

On August 31, 2022, the Federal Inland Revenue Service raised an assessment that was not in line with the tax returns. At the meeting of the directors held in September 2022, this issue was discussed, and you were mandated to quickly address it so that the assessment would not become final and conclusive.

Required:
a. When will an assessment become final and conclusive? (5 Marks)
b. Discuss the following in relation to objection and appeal procedures:
(i) Time limit for objection and appeal (4 Marks)
(ii) Contents of a notice of objection (4 Marks)
(iii) Amendment of assessment and notice of refusal to amend (NORA) (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Appeal, Federal Inland Revenue Service, Objection, Tax Assessment, Tax Liability
Level: Level 2

Topic: Tax Dispute Resolution
Series: MAY 2023

TAX – Nov 2015 – L2 – Q2b – Tax Dispute Resolution

Explaining the procedure for an appeal against the decision of a Tax Appeal Tribunal.

Question

Explain the procedure for an appeal against the decision of a Tax Appeal Tribunal.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Appeal Procedure, Tax Appeal Tribunal, Tax Dispute
Level: Level 2

Topic: Tax Dispute Resolution
Series: NOV 2015

TAX – Nov 2015 – L2 – Q2a – Tax Dispute Resolution

Discussing the required particulars to be included in a Notice of Appeal against an assessment pending before a Tax Appeal Tribunal.

Question

What are the specific particulars to be included in a Notice of Appeal against an assessment pending before a Tax Appeal Tribunal?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Notice of Appeal, Tax Assessment, Tax Dispute, Tax Tribunal
Level: Level 2

Topic: Tax Dispute Resolution
Series: NOV 2015

TAX – May 2021 – L1 – SA – Q8 – Tax Dispute Resolution

Objective question on the time frame for payment of tax payable as determined by the Tax Appeal Tribunal.

Question

The tax payable as determined by the Tax Appeal Tribunal is payable within…………….of the date of notice of assessment, notwithstanding that an appeal may be pending on same, before the Federal High Court.
A. 6 months
B. 5 months
C. 3 months
D. 2 months
E. 1 month

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assessment, Legal Process, Tax Appeal Tribunal, Tax Dispute, Tax payable
Level: Level 1

Topic: Tax Dispute Resolution
Series: MAY 2021

TAX – Nov 2018 – L2 – SC – Q7b – Tax Dispute Resolution

List seven transactions that require a tax clearance certificate before proceeding.

Question

In a bid to bring more individuals and corporate organizations into the tax net, the submission of tax clearance certificates by taxpayers is a condition precedent before bidding for contracts.

Required:
State seven transactions which necessitate the submission of a tax clearance certificate.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dispute Resolution, Disputed Tax Assessment, Federal Inland Revenue Service, Tax Appeals
Level: Level 2

Topic: Tax Dispute Resolution
Series: NOV 2018

TAX – Nov 2018 – L2 – SC – Q7a – Tax Dispute Resolution

Advise the managing director on the actions to be taken to resolve a disputed tax assessment by the FIRS.

Question

As tax consultants to Aderibigbe and Associates Limited, the managing director of your client brought an assessment notice served on the company by the Federal Inland Revenue Service. He complained that the assessment was outrageous. You observed that the amount assessed was higher than that based on the documents submitted to the tax office.

Required:
Advise the managing director on the action to be taken to resolve the disputed assessment.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dispute Resolution, Disputed Tax Assessment, Federal Inland Revenue Service, Tax Appeals
Level: Level 2

Topic: Tax Dispute Resolution
Series: NOV 2018

TAX – May 2017 – L2 – SB – Q4 – Tax Dispute Resolution

Explanation of options available to the Revenue Authority and the taxpayer in tax disputes, including jurisdiction of appeals and court conditions.

Question

Required:

a. Explain the options open to the Revenue Authority on receipt of a Letter of Objection. (2 Marks)

b. Outline the content of a Notice of Objection. (3 Marks)

c. Describe the jurisdiction of the Tax Appeal Tribunal. (6 Marks)

d. List the conditions to be fulfilled for an appeal to the Federal High Court to be valid. (4 Marks)

e. Identify the options available to an aggrieved taxpayer dissatisfied with the Federal High Court’s decision. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Federal High Court, Tax Appeal Tribunal, Tax Dispute, Taxpayer Rights
Level: Level 2

Topic: Tax Dispute Resolution
Series: MAY 2017

TAX – May 2023 – L2 – SA – Q3 – Tax Dispute Resolution

Explain conditions for final assessment and discuss objection and appeal procedures for tax assessments.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Appeal, Federal Inland Revenue Service, Objection, Tax Assessment, Tax Liability
Level: Level 2

Topic: Tax Dispute Resolution
Series: MAY 2023

TAX – Nov 2015 – L2 – Q2b – Tax Dispute Resolution

Explaining the procedure for an appeal against the decision of a Tax Appeal Tribunal.

Question

Explain the procedure for an appeal against the decision of a Tax Appeal Tribunal.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Appeal Procedure, Tax Appeal Tribunal, Tax Dispute
Level: Level 2

Topic: Tax Dispute Resolution
Series: NOV 2015

TAX – Nov 2015 – L2 – Q2a – Tax Dispute Resolution

Discussing the required particulars to be included in a Notice of Appeal against an assessment pending before a Tax Appeal Tribunal.

Question

What are the specific particulars to be included in a Notice of Appeal against an assessment pending before a Tax Appeal Tribunal?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Notice of Appeal, Tax Assessment, Tax Dispute, Tax Tribunal
Level: Level 2

Topic: Tax Dispute Resolution
Series: NOV 2015

TAX – May 2021 – L1 – SA – Q8 – Tax Dispute Resolution

Objective question on the time frame for payment of tax payable as determined by the Tax Appeal Tribunal.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assessment, Legal Process, Tax Appeal Tribunal, Tax Dispute, Tax payable
Level: Level 1

Topic: Tax Dispute Resolution
Series: MAY 2021

TAX – Nov 2018 – L2 – SC – Q7b – Tax Dispute Resolution

List seven transactions that require a tax clearance certificate before proceeding.

Question

In a bid to bring more individuals and corporate organizations into the tax net, the submission of tax clearance certificates by taxpayers is a condition precedent before bidding for contracts.

Required:
State seven transactions which necessitate the submission of a tax clearance certificate.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dispute Resolution, Disputed Tax Assessment, Federal Inland Revenue Service, Tax Appeals
Level: Level 2

Topic: Tax Dispute Resolution
Series: NOV 2018

TAX – Nov 2018 – L2 – SC – Q7a – Tax Dispute Resolution

Advise the managing director on the actions to be taken to resolve a disputed tax assessment by the FIRS.

Question

Required:
Advise the managing director on the action to be taken to resolve the disputed assessment.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Dispute Resolution, Disputed Tax Assessment, Federal Inland Revenue Service, Tax Appeals
Level: Level 2

Topic: Tax Dispute Resolution
Series: NOV 2018

Topic: Tax Dispute Resolution

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TAX – May 2017 – L2 – SB – Q4 – Tax Dispute Resolution

Explanation of options available to the Revenue Authority and the taxpayer in tax disputes, including jurisdiction of appeals and court conditions.

Required:

TAX – May 2023 – L2 – SA – Q3 – Tax Dispute Resolution

Explain conditions for final assessment and discuss objection and appeal procedures for tax assessments.

TAX – Nov 2015 – L2 – Q2b – Tax Dispute Resolution

Explaining the procedure for an appeal against the decision of a Tax Appeal Tribunal.

TAX – Nov 2015 – L2 – Q2a – Tax Dispute Resolution

Discussing the required particulars to be included in a Notice of Appeal against an assessment pending before a Tax Appeal Tribunal.

TAX – May 2021 – L1 – SA – Q8 – Tax Dispute Resolution

Objective question on the time frame for payment of tax payable as determined by the Tax Appeal Tribunal.

TAX – Nov 2018 – L2 – SC – Q7b – Tax Dispute Resolution

List seven transactions that require a tax clearance certificate before proceeding.

TAX – Nov 2018 – L2 – SC – Q7a – Tax Dispute Resolution

Advise the managing director on the actions to be taken to resolve a disputed tax assessment by the FIRS.

TAX – May 2017 – L2 – SB – Q4 – Tax Dispute Resolution

Explanation of options available to the Revenue Authority and the taxpayer in tax disputes, including jurisdiction of appeals and court conditions.

Required:

TAX – May 2023 – L2 – SA – Q3 – Tax Dispute Resolution

Explain conditions for final assessment and discuss objection and appeal procedures for tax assessments.

TAX – Nov 2015 – L2 – Q2b – Tax Dispute Resolution

Explaining the procedure for an appeal against the decision of a Tax Appeal Tribunal.

TAX – Nov 2015 – L2 – Q2a – Tax Dispute Resolution

Discussing the required particulars to be included in a Notice of Appeal against an assessment pending before a Tax Appeal Tribunal.

TAX – May 2021 – L1 – SA – Q8 – Tax Dispute Resolution

Objective question on the time frame for payment of tax payable as determined by the Tax Appeal Tribunal.

TAX – Nov 2018 – L2 – SC – Q7b – Tax Dispute Resolution

List seven transactions that require a tax clearance certificate before proceeding.

TAX – Nov 2018 – L2 – SC – Q7a – Tax Dispute Resolution

Advise the managing director on the actions to be taken to resolve a disputed tax assessment by the FIRS.

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TAX – May 2017 – L2 – SB – Q4 – Tax Dispute Resolution

Explanation of options available to the Revenue Authority and the taxpayer in tax disputes, including jurisdiction of appeals and court conditions.

Required:

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TAX – May 2023 – L2 – SA – Q3 – Tax Dispute Resolution

Explain conditions for final assessment and discuss objection and appeal procedures for tax assessments.

You're reporting an error for "TAX – May 2023 – L2 – SA – Q3 – Tax Dispute Resolution"

TAX – Nov 2015 – L2 – Q2b – Tax Dispute Resolution

Explaining the procedure for an appeal against the decision of a Tax Appeal Tribunal.

You're reporting an error for "TAX – Nov 2015 – L2 – Q2b – Tax Dispute Resolution"

TAX – Nov 2015 – L2 – Q2a – Tax Dispute Resolution

Discussing the required particulars to be included in a Notice of Appeal against an assessment pending before a Tax Appeal Tribunal.

You're reporting an error for "TAX – Nov 2015 – L2 – Q2a – Tax Dispute Resolution"

TAX – May 2021 – L1 – SA – Q8 – Tax Dispute Resolution

Objective question on the time frame for payment of tax payable as determined by the Tax Appeal Tribunal.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q8 – Tax Dispute Resolution"

TAX – Nov 2018 – L2 – SC – Q7b – Tax Dispute Resolution

List seven transactions that require a tax clearance certificate before proceeding.

You're reporting an error for "TAX – Nov 2018 – L2 – SC – Q7b – Tax Dispute Resolution"

TAX – Nov 2018 – L2 – SC – Q7a – Tax Dispute Resolution

Advise the managing director on the actions to be taken to resolve a disputed tax assessment by the FIRS.

You're reporting an error for "TAX – Nov 2018 – L2 – SC – Q7a – Tax Dispute Resolution"

TAX – May 2017 – L2 – SB – Q4 – Tax Dispute Resolution

Explanation of options available to the Revenue Authority and the taxpayer in tax disputes, including jurisdiction of appeals and court conditions.

Required:

You're reporting an error for "TAX – May 2017 – L2 – SB – Q4 – Tax Dispute Resolution"

TAX – May 2023 – L2 – SA – Q3 – Tax Dispute Resolution

Explain conditions for final assessment and discuss objection and appeal procedures for tax assessments.

You're reporting an error for "TAX – May 2023 – L2 – SA – Q3 – Tax Dispute Resolution"

TAX – Nov 2015 – L2 – Q2b – Tax Dispute Resolution

Explaining the procedure for an appeal against the decision of a Tax Appeal Tribunal.

You're reporting an error for "TAX – Nov 2015 – L2 – Q2b – Tax Dispute Resolution"

TAX – Nov 2015 – L2 – Q2a – Tax Dispute Resolution

Discussing the required particulars to be included in a Notice of Appeal against an assessment pending before a Tax Appeal Tribunal.

You're reporting an error for "TAX – Nov 2015 – L2 – Q2a – Tax Dispute Resolution"

TAX – May 2021 – L1 – SA – Q8 – Tax Dispute Resolution

Objective question on the time frame for payment of tax payable as determined by the Tax Appeal Tribunal.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q8 – Tax Dispute Resolution"

TAX – Nov 2018 – L2 – SC – Q7b – Tax Dispute Resolution

List seven transactions that require a tax clearance certificate before proceeding.

You're reporting an error for "TAX – Nov 2018 – L2 – SC – Q7b – Tax Dispute Resolution"

TAX – Nov 2018 – L2 – SC – Q7a – Tax Dispute Resolution

Advise the managing director on the actions to be taken to resolve a disputed tax assessment by the FIRS.

You're reporting an error for "TAX – Nov 2018 – L2 – SC – Q7a – Tax Dispute Resolution"

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