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Tuesday, June 19, 2018

NIGERIA TAXING FREIGHT EARNINGS OF FOREIGN SHIPPING LINES

Reference is made to the article in P&T No. 9/1999 under this heading.

INTERTANKO eventually received a response from the Federal Inland Revenue Service (FIRS) in Lagos.  FIRS still fully expects all ships to file the necessary tax returns including for the retroactive period of 1993 to 1999, during which this tax had been dormant. 

INTERTANKO thus continues to argue against the obvious injustice of retroactive tax collection, at the same time focusing on the series of practical problems connected with this decision, which will make an efficient collection of funds virtually impossible.

Further details of the correspondence can be obtained by contacting gunnar.knudsen@intertanko.com.