Tourist Company of Nigeria Plc ("TCN" or the "Appellant") engages in the gaming and hospitality business including the operation of a casino in Nigeria. The FIRS assessed TCN to unpaid VAT for the 2016 year of assessment to which the company objected and appealed to the Tax Appeal Tribunal.
The key issued centered on imported services (including cost recharges from third party foreign service providers), services from local vendors, and casino revenue.
Read our alert for details of the facts, arguments and the judgement. Download PwC Tax Alert_TAT ruling on casino revenue imported services & recharges
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