If you’re not satisfied by the commissioner general’s decisions made still you have a room to file objection against those decisions. It gives you formal legal opportunity to challenge an incorrect or excessive tax assessment issued by the TRA.
These are the substantive benefits you will obtain if the tax objection is successful.
(i). A successful tax objection will improve the company’s cash flow, as funds that would otherwise be paid as additional tax can instead be used to finance the company’s operations.
(ii). The tax objections help clarify tax positions for future periods. The outcome often provides guidance on how similar transactions should be treated going forward.
Objections
Section 62 up to 64 of TAA, 2015 (R.E 2023) an organization has the right to object an assessment or tax decision made by the Commissioner General to the extent that, such a right is provided for under the tax laws.
Please note that, for your objection to be admitted by the Commissioner General you must ensure that the following criteria are met:
(a). File your tax objection within thirty days from the date of service of the tax decision (unless the extension is granted as per section 62 (3) of TAA).
(b). Pay the amount of tax which is not in dispute or one third of the assessed tax decision whichever amount is greater.
Filing a tax objection today can prevent prolonged disputes, enforcement actions and future tax risk. Do you know how to file tax objection?
Getting started is easy, send the message “OBJECTION” to WhatsApp No: 0752 187 434 or email: [email protected]
These are the substantive benefits you will obtain if the tax objection is successful.
(i). A successful tax objection will improve the company’s cash flow, as funds that would otherwise be paid as additional tax can instead be used to finance the company’s operations.
(ii). The tax objections help clarify tax positions for future periods. The outcome often provides guidance on how similar transactions should be treated going forward.
Objections
Section 62 up to 64 of TAA, 2015 (R.E 2023) an organization has the right to object an assessment or tax decision made by the Commissioner General to the extent that, such a right is provided for under the tax laws.
Please note that, for your objection to be admitted by the Commissioner General you must ensure that the following criteria are met:
(a). File your tax objection within thirty days from the date of service of the tax decision (unless the extension is granted as per section 62 (3) of TAA).
(b). Pay the amount of tax which is not in dispute or one third of the assessed tax decision whichever amount is greater.
Filing a tax objection today can prevent prolonged disputes, enforcement actions and future tax risk. Do you know how to file tax objection?
Getting started is easy, send the message “OBJECTION” to WhatsApp No: 0752 187 434 or email: [email protected]