IN THE TAX APPEAL TRIBUNAL

IN THE LAGOS ZONE

HOLDEN AT LAGOS

APPEAL NO. TAT/LZ/PIT/016/2021

BETWEEN

LAGOS STATE BOARD OF INTERNAL REVENUE ........ ... APPELLANT

AND

MEGA TRUST INSURANCE BROKERS LIMITED ............. RESPONDENT

JUDGEMENT

FACTS OF THE CASE

An audit exercise was conducted into the books and records of the Respondent after which the Appellant said that the Respondent has failed to accurately deduct and remit the Personal lncome Tax of its employees, Withholding Taxes from applicable transactions, Development Ler.y and Business Premises Levy due to the Lagos State Government. As a result of this discovery, the Appellant served on the Respondent a Demand Notice accompanied by a Notice of Assessment of its established liability for Personal Income Tax, Withholding Taxes, Development Levies and Business, Premises Renewal, covering the period of 2015, in the sum of #2,7911667.39 (Two Million, Seven Hundred and Ninety-one Thousand, Six Hundred and Sixty-Seven Naira, Thirty-Nine Kobo) only.