Tax tribunal orders Cement Technology Institute to pay N2bn
The Tax Appeal Tribunal in Abuja has ordered the Cement Technology Institute of Nigeria to pay N2bn in income and education taxes. The available report says the assessment covers the period from 2018 to 202, but does not provide the final year in the source material.
The Tax Appeal Tribunal in Abuja has ordered the Cement Technology Institute of Nigeria to pay a tax bill of N2bn, Punch Nigeria reports. The assessment relates to income tax and education tax. The source material identifies the period as beginning in 2018, but the end year is incomplete in the available text.
The report does not provide the tribunal’s reasoning, the tax authority that issued the assessment or the institute’s response to the order. It also does not say whether the institute plans to challenge the decision or set out a deadline for payment. The ruling places the institute under an order to settle the stated N2bn liability.
Further details about the case and the composition of the assessment were not available in the supplied material.
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