In Nigeria, tax evasion has been a practice since the beginning of taxation, and it is also a worldwide phenomenon. The social change implication includes improved infrastructural development and increased employment opportunities resulting from increased tax revenue collection from manufactu...
is often a reflection of its communal values or the values of those in power. To create a system of taxation, a nation must make choices regarding the distribution of the tax burden-who will pay taxes and how much they will pay-and how the taxes collected will be spent. In Nigeria, ...
This shows that tax administrators have not had any incidences of falsification of tax records to correct or not many of such cases have come to the notice of tax authorities. In addition, tax compliance provides a partial mediation between tax audit and tax revenue (Fig. 2). Fig. 2: ...
Interview with Asiata Agboluaje, Africa tax and legal international tax and regulatory partner (Nigeria), Deloitte Africa
While some had blamed the situation on tax authorities for not living up to expectation with regards to tax administration, others attribute it to the unpatriotic attitude of tax payers. It was in this light of contending position that the researcher carryout a survey in Nigeria with particular ...
the relevant tax authorities should apply tax morale model of compliance that incorporates internal taxpayer motivations and emphasizes a more individual carrot and stick approach; the relevant tax authority in Nigeria should improve on the taxpayers' education and media programmes to encourage voluntary ...
However, non-resident individuals whose income is solely from passive investments in Nigeria are exempt from registration but must supply necessary information as outlined by the tax authorities. Moreover, the bill grants tax authorities the power to automatically issue a TIN to individuals who neglect...
9 RegisterLog in Sign up with one click: Facebook Twitter Google Share on Facebook Thesaurus Financial Encyclopedia tax·pay·er (tăks′pā′ər) n. One that pays taxes or is subject to taxation. tax′pay′ingadj. American Heritage® Dictionary of the English Language, Fifth Edition....
This treaty promotes regional trade and investment, aligning with the African Continental Free Trade Area (AfCFTA) Agreement. This treaty has been gazetted, although it is uncertain if ratification by Nigeria’s National Assembly has happened. However, it appears unlikely that the tax authorities woul...
11. How would you describe the tax authorities’ approach in your region/jurisdiction? The approach of the tax authorities in Nigeria and Ghana is increasingly more data driven, with more targeted queries, audits, and investigations. We have seen the FIRS in Nigeria incr...