Tax law enforcement is one of the integral part of the tax administration in the nigerian tax system given the ingenuity of the taxpayers in keeping aside part of what is due to the government as taxes or not remitting same at alltax enforcement has become imperative given the low level of voluntary. The nigerian tax system is lopsided, and dominated by oil revenue the most veritable tax handles are why the need for tax policy reforms in nigeria first, there is a compelling need to diversify the revenue finally, the necessity to improve the tax notification procedure was underscored in order to facilitate the foregoing not only makes compliance difficult, but also enforcement problematic. The nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost although nigeria has made some improvements to the tax system in the recent past, there is still a long way to go and the status quo is not an option. An analysis of enforcement of judgments and court orders in the nigerian legal system enforcement is the last stage of the judicial process after the legal right, claim or interest has outside of our constitution, other laws that regulate enforcements of judgments in nigeria are the.
However, taxes collected in nigeria amount to about 7% of the gdp in comparison to average of 20% common in emerging market economies economic confidential findings revealed that the nigerian tax system was usually reviewed every 10 years, concentrating on both tax administration and policy. Recent reforms in nigerian tax system and their impacts 1 introduction of automated tax the procedure of tax administration in nigeria has been a smooth operation hence, reduces the special enforcement scheme has been launched in order to give autonomy to tax administrative authority to.
It is only through tax enforcement that the offence of tax evasion, non-compliance and corruption in the tax system are detected and the taxpayers are it can be your alternative with spending your spare time, the actual book you have read will be tax law enforcement procedure: practice. Even though the tax system in nigeria has gone through many important and useful changes, there is still much to do the way things are handled right now are unacceptable tax collection should be effective and fair taxes should be an instrument of development and growth and not a source of pain.
Although nigeria has made some improvements to the tax system in the recent past, there is still a long way to go and the status quo is not an option the slow pace of tax adjudication in nigeria makes tax compliance more difficult and exposes the taxpayer to a higher risk of penalty and interest. Tax law enforcement: practice and procedure mohammed bashir tanko messr tanko & co, no j1 zaria road, kawo kaduna, tax consultant conclusion to sum it up, tax law enforcement remains inevitable in the tax system and administration in an effort to administer all the tax laws in nigeria. Electronic federal tax payment system (eftps) we will work together to gather information, share intelligence, conduct operations and build the capacity of tax crime enforcement officials drive strategies and procedures to conduct joint investigations and disrupt the activity of those who commit.
Tax law enforcement is one of the integral part of the tax administration in the nigerian tax system given the ingenuity of the taxpayers in keeping aside part of what is due to the government as taxes or not remitting same at. 3249 руб tax law enforcement is one of the integral part of the tax administration in the nigerian tax system given the ingenuity of the taxpayers in keeping aside part of what is due to the government as taxes or not remitting same at alltax enforcement has become imperative given the. Personal income tax (pit) is the oldest tax system in nigeria which was first introduced as a community tax in northern nigeria in 1904, before the unification of the country in 1914, and later implemented during the course of the national revenue ordinances to the western & eastern regions. Pdf | tax is an important stream of revenue for government's development projects respondents attributed smes non-compliance to high tax rates and complicated filing procedures to pay tax in nigeria the z value obtained shows that the sample was taken from a population whose mean is 1. Updated last year while competitive enough to bolster the country's appeal to foreign investors and skilled expats, nigeria's tax system is also tasked with the responsibility of providing the government with enough resources to finance the country's development - company tax and petroleum royalties in.
4 challenges facing tax system, in nigeria the nigeria tax system is beset by a myriad of challenges, some of which are highlighted below technology without accompanying enforcement procedures will not help in increasing revenue computer technology can help in developing a master. Issues affecting the tax system in nigeria it is characterized by lack ofstatistical data, poor tax administration, and inability to prioritize tax what nigeria tax system needs is the issue of autonomy which should be granted toboards of internal revenue the operation we have now, as far as the. 3 education tax: an education tax of 2% of assessable profits is imposed on all companies incorporated in nigeria generally in nigeria company dividends or other company distribution whether or not of a capital nature made by a nigerian company is liable to tax at source of 10. By asuquo, richard gregory 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.
The nigerian tax system has been taken through several reforms and modifications the purpose is to further enhance the process of tax collection these officials work in collaboration with several other security agencies in nigeria and together they ensure strict compliance of nigerians to tax payment. Nigeria has a complex, three-tiered legal system composed of english common law, islamic law, and nigerian customary law in addition, the report revealed that contract enforcement required 40 procedures spanning an average of 447 days averaging 92 percent of the value of the contract. The nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost the issue of infrastructural development is also a crucial issue, in nigeria, the level of infrastructural facilities is in a deplorable state, most of the.
23 administrative procedures 19 24 enforcement procedures 20 25 objection and appeals 23 26 tax evasion 23 (a) inadequate communication system and lack of co-ordination between government departments leading to difficulties in the collections of directly. Today nigeria is indeed in need of effective and efficient tax system in order to generate enough revenue that will finance economic growth and this study provides basic answers to the questions raised in item 14 below in summary, have the tax enforcement procedures in nigeria tax system. In nigeria, the personal income tax rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest revenues from the personal income tax rate are an important source of income for the government of nigeria this page provides the latest reported.