Oil & Gas Servicing
Confidential — upstream servicing company, Port Harcourt
- Challenge
- The company received a back-duty assessment covering four years of CIT, VAT and WHT, with penalties and interest that threatened its cash position and its tender eligibility.
- Solution
- We reconstructed the tax computations, agreed the correct treatment of contract retentions and disallowed items, filed a formal objection with supporting schedules and represented the company through reconciliation meetings.
- Result
- Assessment reduced substantially, a payment plan agreed on the residual liability and the Tax Clearance Certificate issued in time for the next bid round.
“They turned a business-threatening assessment into a manageable number.”