Appellant who organize to establish legal action against the Federal Inland Revenue Service (FIRS) on disputed taxes now have to pay 50 per cent of the estimate amount in dispute into an interest yielding account of the Federal High Court before the court can hear such matters.
Executive Chairman, Federal Inland Revenue Service (FIRS), Mr Muhammad Nami, said this at a public hearing organised by the House of Representatives Committee on Public Accounts investigating revenue leakages from tax waivers and incentives to foreign companies granted pioneer status.
According to him, the new rule is contained in a recent Practice Direction issued by the Chief Judge of the Federal High Court, Abuja, Hon. Justice John Terhemba Tsoho, under Order 57 rule 3 of the Federal High Court (Civil Procedure) Rules, 2019. He also confirmed that the Practice Direction took effect from 31 May 2021.
Nami also stated that the Management of FIRS has initiated a process for a Memorandum of Understanding (MoU) with critical stakeholders as far as information sharing and amendments to the relevant laws are concerned.
He added that the FIRS has gotten several amendments to its tax laws which require companies operating in the Free Trade Zones to file tax returns on their operations to the FIRS.
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