Tax Appeal Tribunal exempts timely contested VAT assessments from interest and penalties

• Tax Appeal Tribunal rules that interest and penalties do not apply to timely contested VAT assessments
• Case involved MTN Nigeria Communications Plc v. Federal Inland Revenue Service
• Non-resident taxpayer objected to additional assessments of VAT within statutory period
• TAT found that software licenses and upgrades were taxable supply of goods or services for VAT purposes
• Tax authority cannot impose interest and penalties on contested assessments within statutory period

Source: ensafrica.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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