Business
FIRS To Get $996,010 Tax Liability
The Tax Appeal Tribunal in Abuja on Monday ordered Seacor Marine Nigeria, a multinational company , to pay 996, 000 dollars tax liabilities to the Federal Inland Revenue Service (FIRS).
The Acting Chairman of the tribunal, Mr Nnamdi Ibegbu (SAN), gave the order in a judgment following an out of court agreement entered into by the two parties.
The figure represented the tax liabilities to be paid by Seacor Marine Nigeria between 1996 and 2011.
Seacor had in November 2005 challenged FIRS at the tribunal for refusing to amend its assessment between 1996 and 2003 tax years, totaling 771, 972 dollars.
Ibegbu, in his judgment, said the parties in the matter had settled out of court and dully filed their terms of settlement which was entered as consent judgment.
The tribunal ordered Seacor Marine Nigeria Inc to pay to FIRS the total sum of 185,594 dollars, representing the recharges for the period of assessments from 2000 to 2003.
The company will pay 77, 428 dollars for the year 2000; 18,287 dollars for 2001; 24,425 dollars for 2002 and 65,352 dollars for 2003.
The out of court agreement stated that “these payments shall be full and final payment of all taxes for 2000 to 2003 years of assessment on recharges”.
Seacor Marine Nigeria Inc has also agreed not to apply recharges from 2004 to date.
The tribunal also ordered that FIRS should immediately issue additional assessment of over 810,416 dollars on recharges for the tax year 2004 to 2011.
“The said additional assessment shall be immediately be paid by Seacor Marine Nigeria Inc.
“The parties have agreed that these terms of settlement shall be made the final judgment of the tribunal between the parties in this appeal in respect of the outstanding tax liability in the year of assessment under reference,” the tribunal said.
Bright Igbinosa represented FIRS in the appeal while Lanre Adeyinka represented Seacor Marine Nigeria.
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
