Tax administration in nigeria in the
Presently, the tax administration in nigeria, enugu state to be precise, has been riddled with various limiting factors such as weak administrative facilities/ administrative lapses which could result in situations such as tax evasion and tax avoidance. By tunde fowler exported service in this case means a service performed by somebody or company residing in nigeria to a person outside nigeria. The study revealed tax administration in the country with particular reference to lagos state is very inefficient and ineffective, and there is no adequate information on the tax payers in the state hence, some people can hide from their tax liabilities.
In nigeria the company income tax administration aims and tries to tax each company in the state more effectively however the level at which the company income tax administration in nigeria tend to achieve its desired goals and objectives depends mostly on the tax office and the company that is operating in osun state. Importance of value added tax the drop in oil prices, which has led to dwindling revenues for government in nigeria, has once again brought into sharp focus the need to diversify the source of. The administration of tax systems and the enthronement of a tax payment culture nationally continue to challenge successive governments in nigeria one of the attempts to expand the tax net with minimum resistance and also to reduce tax evasion so that most of the tax income would get to the nigerian government is the introduction of value.
Chapter two: a number of related literature review, history of taxation, evolution of tax, vat administration policy, the vat technical committee and its function, vat audit and investigation, vat operation in banks and finance, merits, demerits and problems of vat administration in nigeriachapter three sets the presentation of discussion of. Where the income earner is a corporation, the corporate tax rate in nigeria is thirty per cent (30%) of the annual profit of the corporation and where the income earner from a property transaction is an individual or a registered business enterprise or partnership, the graduated tax rate is twenty-four per cent (24%) for individuals earning n3. The tax system in nigeria is made up of the tax policy, the tax laws and the tax administration all of these are expected to work together in order to achieve the economic goal of the nation. (okoruen u u1993 process of tax administration in nigeria) indirect tax: these are taxes charge with price of goods bought at a particular time these are tax that are levied in goods and services (okoruen uu1992) tax policy: is a particular course adopted in this caseline of action adopted by the government in respect of taxation.
In nigeria, general olusegun obasanjo’s administration marked the advent of global system of mobile communication (gsm) and therefore, tax holiday was granted gsm operators by that administration to encourage their pioneer industry. From the foregoing discussion, the research study focus on the administration of capital gain tax in nigeria, it also examineit problems and prospect, effect on economy, and income generation in nigeria, using the ogun state fbir as the case study. Today, the laws giving effect to wht are: personal income tax act, companies income tax act and petroleum profits tax act firs has issued separate information circulars at various times to clarify the operation, administration and provisions on wht as stipulated in these legislation. Problems of tax administration in nigeria: a study of ebonyi state board of internal revenue (ebsbir) public administration and local government a thesis submitted to the department of public administration and local government, , faculty of social sciences, university of nigeria nsukka webmaster 2012. Nigeria individual - tax administration choose a topic country nigeria tax blog join the discussion pwc nigeria tax services and publications nigeria global mobility guide taxation of international assignees working in nigeria wwts - corporate taxes 2018/19 download your free copy.
Tax administration in nigeria in the
The nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost the recent reforms include the introduction of tin. Tax administration in nigeria & the challenge of it: when is the bold play store the information of tax payers and is proposed to facilitate real information sharing and data exchange among tax authorities and stakeholders such as the central bank of nigeria, nigeria. The success achieved by federal inland revenue service (firs) in meeting the targets set for its integrated tax offices nationwide is no doubt a challenge to its state counterparts (sbirs) personal income tax that is supposed to be paid by self employed individuals in nigeria constitutes a major.
- Appraisal of the effectiveness of value added tax administration in nigeria abstract the purpose of this project is to determine to identify strategies for administrative implementation of the variables amongst others.
- Tax administration in nigeria the three major tiers of government: federal government, state government and local government have been saddled with the responsibility of collecting tax in nigeria the federal government uses the federal inland revenue service (firs) to deal with taxes that are paid by companies and federal capital territory.
- Tax administration in nigeria in the 21 century essay sample within the last decade or so, the issue of domestic resource mobilisation has attracted considerable attention in many developing countries.
Nigeria individual - sample personal income tax calculation choose a topic individual - tax administration contacts, news and downloads nigeria contacts taiwo oyedele partner / head of tax & regulatory services +234 1 271 1700 ext 50002 nigeria tax blog join the discussion. Revenue generation and engagement of tax consultants in lagos state, nigeria: tax law and tax administration he mentioned that a tax system is administered through tax policies while the tax laws serve as the legal backing soyode and kajola (2006) noted some of the sources of tax laws in nigeria to include legislations, constitution. Abstract this study examines tax administration in nigeria the objective of this study is to critically analyse tax administration in nigeria. As nigeria seeks to reposition its economy, to navigate through the economic recession era, one area it needs to address critically is “tax administration” in the country.