NLNG Clarifies Report Of Payment Of $27.5m To FIRS As 2016 Revised Corporate Income Tax
Nigeria LNG Limited (NLNG) has clarification on the report of payment Of $27.5m To FIRS As 2016 Revised Corporate Income Tax.
In a statement Re: ‘Tax Tribunal Orders NLGN To pay $27.5m To FIRS As 2016 Revised Corporate Income Tax’
signed by General Manager, External Relations and Sustainable Development, Andy Odeh sighted by NewsRangers, the corporation stated, “Nigeria LNG Limited (NLNG) has noted media reports suggesting that a Tax Appeal Tribunal ordered NLNG to pay $27.5 million to the Federal Inland Revenue Service (FIRS) as a revised Company Income Tax (CIT) settlement for 2016.
“NLNG clarifies that these reports misrepresent an out-of-court settlement that was reached amicably between the parties, without prejudice to their respective legal positions, which the Tribunal merely adopted as Consent Judgment in the appeal. The payment by NLNG was thus made in furtherance of a settlement agreement reached between the parties and not because of any order made by the Tribunal.
“NLNG remains a responsible corporate citizen, and consistently operates in compliance with Nigerian laws and will continue to operate in line with its vision of being “a globally competitive LNG company helping to build a better Nigeria.”
For media advert placement, events coverage, public relation consultancy, media placement and further enquiries please WhatsApp 2348023773039 or email: labakevwe@yahoo.com
Short URL: https://newsrangers.com/?p=125557
Posted by News Rangers
on Jul 19 2024. Filed under Business, National.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
