The oil is an exhaustible and dwindling resource, while taxation is. This study was aimed at investigat ingthe lise of tax consultants and their impact on revenue profile of the government in rivers state and nigeria in general. Abstract this paper attempts to look at the nigeria tax administration and its capacity to reduce tax evasion and. Under current nigerian law, taxation is enforced by the 3 tiers of government, i. This is an automated tax system and it helps to track the tax position of every nigerian that has the tin and those who do not have are compelled to go for theirs in order to make tax tracking very easy. Jan 25, 2020 npower tax recruitment 2020 application form portal npower. Problems and procedures abstract the study examines the administration of companies income tax in nigeria. The motive to accelerate investment, saving and economic growth and development in nigeria through the use of tax administration calls for the study. The impact of taxation on revenue generation in nigeria. Tax policy, tax legislation and tax administration. Ultimately, npower tax volunteers can aspire to a lifelong career in finance or allied fields. Recruitment opportunities for all npower tax volunteers.
The effect of tax administration on revenue generation in. These include the grant of tax incentives, weak revenue administration capacity to deal with evasion and lack of data especially around the informal sector. Heeks 2010 describes that e administration covers g2g relation to improve administrative processes in hierarchical organisation. In nigeria taxes range from petroleum profits taxation to tenement rate imposition, and taxes are imposed at different levels to enable the government provide certain essential services and facilities. Nigeria foreign services, persons resident within the federal capital territory, abuja and persons employed in the nigeria police force other than in a civilian capacity are to pay their taxes to the federal inland revenue service. Everything you need to know about small business tax in nigeria. Nnpc recruitment past questions and answersfree pdf download. Corporate tax rate in nigeria is expected to reach 30. The purpose was to simplify the process so tax collection in nigeria. The tax policy enumerates the monetary charges imposed by government on individuals, companies, transactions or properties for the purpose of revenue. The study examines the administration of companies income tax in nigeria. The impact of tax reform on federal revenue generation in nigeria dickson.
In nigeria, a taxpayer individual or corporate that is aggrieved by the assessment by a relevant tax authority rta may file an objection to the assessment issued by the. A minimum of 3,700 npower volunteers will be selected to work as community tax liaison officers to work in their states of residence with the states tax authorities. The ntp has remained the first significant step to ensure that nigerias tax system looks like someone designed it on purpose william e shannon. Effect of tax avoidance and tax evasion on personal income tax administration in nigeria adebisi, j. A tax identification number tin is a ninedigit number used as a tracking number by the u. According to wikipedia 2014 e administration, or electronic administration, refers to. These are the negative effects that affect government revenue generation which are targeted to meet her basic functions like provision of basic amenities for her citizenry in the state. All taxes in nigeria are collected by nigeria s federal inland revenue service firs. The national tax policy is a document that provides all the necessary information relating to taxation. This is to inform the general public that the npower recruitment programme is about to commence. The countrys tax system is lopsided, and dominated by oil revenue. O2 1director general, nigerian college of accountancy, jos, nigeria 2department of accounting, kogi state university, anyigba, nigeria the study examines the effect of tax avoidance and tax evasion on personal income tax. Such authorities are the joint tax board, which is the apex unifying body for all tax authorities in nigeria. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online.
Tax administration and revenue generation of lagos state. Jul 11, 2015 these are the negative effects that affect government revenue generation which are targeted to meet her basic functions like provision of basic amenities for her citizenry in the state. The federal government seeks to encourage noncompliant and partially compliant taxpayers to come clean and declare and pay their appropriate tax due to the government. This shows that in a bid to establish an effective and efficient tax system. The purpose is to further enhance the process of tax collection and administration in nigeria. The administration of tax in nigeria is vested in the various tax authorities depending on the type of tax under consideration. A nigerian newspaper and online version of the vanguard, a daily publication in nigeria covering nigeria news, niger delta, general national news, politics, business, energy, sports. Administration of current taxes in nigeria vanguard news.
Ahuru department of economics and statisticsfaculty of social sciences, university of benin, benin city abstract the main objective of this paper is to ascertain the impact of tax reforms on tax revenue generation in nigeria. A brief examination tax practice and procedure in nigeria. Effect of tax avoidance and tax evasion in personal income. An overview of national tax policy and administration in. In 1993, the administration of chief ernest shonekan agreed to a reduction of nigerias equity in the company, ceding 51% to the foreign share holders in this order.
The government is also seeking for a way to incur minimal cost in the process of. Information reaching us has it that npower recruitment will soon commence officially the npower tax programme is for those applicants who wish to register for the 2020 npower tax. We highlight our disagreement with ademolas decision and proffer suggestions for the future of tax appeals in nigeria. The administration of the taxation of profits of incorporated companies in nigeria is vested in the federal board of inland revenue fbir. The ntp has remained the first significant step to ensure that nigeria s tax system looks like someone designed it on purpose william e shannon. By taiwo oyedele nigerias ranking has declined 3 places from 124 to 127 out of 8 countries in the latest global competitiveness index by the world economic forum. The tax revenue collection in nigeria faces some formidable problems which includes the high tax rates and complex filing procedures, multiple taxation and lack of proper enlightenment, lack of statistical data, poor tax administration, and inability to prioritize tax effort, multiplicity of taxes and increase in underground economy. Under current nigerian law, taxation is enforced by the. Definition of tax administration in the dictionary. Problems and procedures includes abstract and chapter one, complete project material available administration of company income tax in nigeria. The national tax policy is an initiative of the federal government of nigeria which is being. Federal, state, and local government with each having its sphere clearly spelt out in the taxes and levies approved list for collection decree, 1998. Taxation being a wide subject time and resources are bound to constitute a bottleneck for its coverage. The national tax policy is a document that provides all the necessary.
According to wikipedia 2014 eadministration, or electronic administration, refers to. Taxation patterns throughout history are largely explained by administrative consideration. Taxation and fiscal regulations in nigeria introduction the nigerian tax system has undergone significant changes in recent times. An overview of national tax policy and administration in nigeria. According to firs there are nine9 types of taxes in nigeria. Explanatory notes on withholding tax administration in nigeria. Here, weve lister all the jobs available for anyone who wants to join npower nigeria tax programme. The nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost. All taxes in nigeria are collected by nigerias federal inland revenue service firs. The aim of this research study is to evaluate the effect of tax administration on revenue generation to the enugu state government.
Tax to gdp ratio will continue to be low and likely to be lower than 2018 the factors that impacted on tax collection in 2018 remain relevant in 2019. The oil is an exhaustible and dwindling resource, while. The main objective of this study is to determine the impact of company income taxation on the profitability of. Impact of tax administration on government revenue in a developing economy. The administration and problems of value added tax in nigeria. Companies income tax cit petroleum profit taxppt value added tax vat. Ncat recruitment application form portal 2020 apply here. Value added tax vat was introduced by the federal government of nigeria and is provided for by the value added tax decree 102 of 1993 which became effective in 1994 which requires manufacturers, wholesalers, importers and suppliers of vatable goods and services to be registered within six months of. Introduction taxation is machinery or process in which society and communities or group of individuals are contributing into an agreed sum which is important for the resolution, development and administration of the public. National tax policy chartered institute of taxation of nigeria. Tax reform and administration in nigeria chapter one introduction background to the study the recent global crisis in the world has brought to the fore the need to note that this overdependence on oil creates unnecessary shocks and thus, the need for diversification of the nations resource base and long term growth path. We recommend that tax administration at the state and federal levels in nigeria should ensure providing adequate support and favourable environment to their internal audit department to enable. The main objective of this study is to determine the impact of company income taxation on the profitability of companys in nigeria.
Withholding tax in nigeria administration and rates. Tax reform and administration in nigeria taxation project topics. Interested applicants are advised to read the following procedures to apply successfully. Heeks 2010 describes that eadministration covers g2g relation to improve administrative processes in hierarchical organisation. The 183 days residency rule for liability to nigerian tax is to be reckoned on a.
Impact of tax administration on government revenue in a. Challenges and prospects, a case study of lagos state board of internal revenue service, largest undergraduate projects repository, research works and materials. The ntp is a document which sets broad parameters for taxation and ancillary matters connected with taxation in nigeria. The national tax policy seeks to provide a set of guidelines, rules and modus operandi that would regulate nigerias tax system and provide a basis for tax legislation and tax administration in nigeria. A study of federal capital territory and selected states 23 research centre for management and social studies selected states in nigeria and to identify the use of taxation to promote economic growth and development in fct and in some selected states in nigeria. The nigerian tax system has been taken through several reforms and modifications. In 1978, the task force on tax administration under the leadership of alhaji shehu musa formed the federal inland revenue service firs as the operational arm of federal board of inland revenue fbir. Types of taxes in nigeria types of taxes in nigeria.
The result shows that all the various forms of taxes have both significant long run and shirt run impacts on revenue generation in nigeria. Npower tax recruitment 2020 application registration form. Nigeria is governed by a federal system, hence its fiscal operations also adhere to the same principle, a fact which has serious implications on how the tax system is managed. The components of the tripartite structure of a tax system will now be mentioned in relationship with the nigerian tax system.
A withholding tax is the tax required by law to be withheld by a party from each payment made to another contracting party from the income or services rendered. The nigeria tax system, like any tax system, is a tripartite structure which comprises of. Oct 06, 2017 key issues and challenges of nigerian taxation system tax being a mandatory financial charge or some other type of levy imposed upon a taxpayer an individual or other legal entity by the government in order to generate revenue. In this context, competitiveness is defined as the set of institutions, policies, and. It is a clear statement on the principles governing tax administration and revenue collection.
The national tax policy seeks to provide a set of guidelines, rules and modus operandi that would regulate nigeria s tax system and provide a basis for tax legislation and tax administration in nigeria. Internal revenue service irs and is required information on all tax returns filed with the irs. Information and translations of tax administration in the most comprehensive dictionary definitions resource on the web. The board was established under cita, section 3 of the income tax administration ordinance of 1958 and has since been subjected to series of amendment in order to yield maximum returns federal board of. Of importance at this juncture however are tax regulations pertaining to. Easily share your publications and get them in front of issuus. Tax policy forms the basis for tax laws while tax administration is the implementation of the tax laws. Nigeria has a number of tax treaties referred to as double taxation agreements with a number of countries, these are designed to ensure that the tax payable in nigeria on the profits of a nigerian company being remitted into the country are reduced by the amount of foreign tax paid abroad and vice versa where an overseas company receives profits from nigeria that.
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