- 1 Marks
Question
How many members of a State Board of Internal Revenue shall constitute a quorum at any meeting?
A. 10
B. 8
C. 7
D. 5
E. 3
Answer
Answer: D 5
Explanation: The correct answer is D. According to Nigerian tax law, a quorum for the State Board of Internal Revenue meetings is typically set at five members. This ensures that decisions can be made with a sufficient number of members present to represent the board.
- Reasoning: A quorum is the minimum number of members required for a meeting to be legally valid. Setting this number at five ensures that the board has adequate representation and participation when making important decisions related to tax administration.
- Tags: Meetings, Members, Quorum, State Board, Tax Administration
- Level: Level 1
- Topic: Tax Administration and Enforcement
- Series: MAY 2021
- Uploader: Kwame Aikins