Taxation and Tax Management in Nigeria PDF Download
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Author: Osita Aguolu
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 424
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Book Description
Author: Osita Aguolu
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 424
Get Book Here
Book Description
Author: Osita Aguolu
Publisher:
ISBN: 9783659879319
Category :
Languages : en
Pages : 412
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Book Description
Author: Johnbest Churchill
Publisher: GRIN Verlag
ISBN: 3346775763
Category : Law
Languages : en
Pages : 250
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Book Description
Academic Paper from the year 2022 in the subject Law - Tax / Fiscal Law, grade: 4.5, National Open University of Nigeria, language: English, abstract: Taxation is perhaps the oldest recognized profession in the world. It has always been with us, it is still with us, and it will continue to be with us. According to chapter two, verse one of St. Luke's gospel of the Holy Bible which reported the birth of our Lord Jesus Christ with a decree from Augustus Ceasar that all the world should be taxed. "and it came to pass in those days that there went a decree from Ceasar Augustus that all the world should be taxed;" (and this taxing was first made when Cyrenious was governor of Asyria). This Biblical record is perhaps the origin of taxation. Taxation may be defined as the compulsory contribution imposed by a public authority, irrespective of the amount of services rendered to the taxpayer in return. Taxation can also be defined according to Ola (1987) as the demand made by the Government of a country for compulsory payment of money by the citizens of the country. Tabansi (1997) says tax is a levy imposed by the Government against the income, profit or wealth of the individual, partnership and corporate organization. The above definitions emphasizes the fact that taxation is a compulsory levy or contribution that is imposed by the Government on the people resident in the country. Since it is a compulsory payment made either directly or indirectly, refusal to comply becomes an offence, which attracts punishment. Taxation is divided into various types such as Income Tax, Corporation Tax, Capital Gain Tax etc. In Nigeria, tax is levied by the authority of Federal Government Income Tax Management Act of 1961 (ITMA) and subsequent amendment, including the finance (Miscellaneous Taxation Provisions) Decree 1992 and the finance (Miscellaneous Provisions) Decree 1997. The tax year of most government establishment is based on the fiscal year, which is the normal calendar year and ranges from 1st January to 31st December of the same year. This income tax year is also called the year of assessment, for instance the 1999 year of assessment is the 1999 fiscal year.
Author: M. T. Abdulrazaq
Publisher:
ISBN: 9789783210516
Category : Tax planning
Languages : en
Pages : 157
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Book Description
Author: Seyi Ojo
Publisher:
ISBN: 9789780283223
Category : Taxation
Languages : en
Pages : 225
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Book Description
Author: S. M. Adesola
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 306
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Book Description
Author: S. A. Rabiu
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 160
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Book Description
Author: Joel Odili
Publisher: GRIN Verlag
ISBN: 3346533808
Category : Law
Languages : en
Pages : 5
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Book Description
Essay from the year 2020 in the subject Law - Tax / Fiscal Law, grade: 5.0, University of Lagos (Law), course: Tax Law, language: English, abstract: The digital market, having grown to be one of the most lucrative globally, has prompted the desires of governments across the world to tax the profit that emerges from their territory because of these digital activities. However, due to the lack of physical presence of the Non-Resident Companies (being the major suppliers of digital services in Nigeria), taxation of the said activities have proven difficult. Being a key factor necessitating the shift from the old regime of taxing NRCs under section 13 of Companies Income Tax Act (CITA), to the enactment of the Finance Act 2019 which came into force on 13 January 2020.
Author: O. P. Jack
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 22
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Book Description
Author: Ifueko Omoigui Okauru
Publisher: African Books Collective
ISBN: 9788431488
Category : Law
Languages : en
Pages : 610
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Book Description
In line with the federal structure of the Nigerian State, tax administration in the country is multi-tiered. The Federal Inland Revenue Service is responsible for assessing, collecting and accounting for tax and other revenues accruing to the Federal Government. The States Boards of Internal Revenue and the Local Government Revenue Committees perform similar functions at the State and Local Government levels respectively. This book attempts to chronicle the changes that have been taking place within the Federal Inland Revenue Service since 2004 and how these activities have contributed to the reforms in the Nigerian tax system. In terms of value, the book facilitates an understanding of the role played by the Service; its staff and stakeholders in repositioning the Nigerian tax system. It is an essential reference material for everyone that seeks an understanding of the processes that underscore the ongoing changes in the Nigerian tax system.
