Cover of: Taxation and tax management in Nigeria | Osita Aguolu

Taxation and tax management in Nigeria

  • 408 Pages
  • 1.58 MB
  • English
Meridian Associates , Enugu [Nigeria]
Taxation -- Nig



Statementby Osita Aguolu.
LC ClassificationsHJ3081 .A37 1999
The Physical Object
Pagination408 p. ;
ID Numbers
Open LibraryOL3596262M
ISBN 10978299779X
LC Control Number2002316415

This seventh edition of the book is produced in line with the dynamism that has marked the Nigerian Tax System in the last decade. It is structured in line with the current Taxation syllabus of the Institute of Chartered Accountants of Nigeria, and prepared as a response to the on-going tax reform in : Osita Aguolu.

Taxation and tax management is a stressful activity for everyone, especially for business owners and entrepreneurs. If you’re selling taxable goods or services in any state in Nigeria or you earn some income from working in the country, you almost always have tax obligations.

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No eBook available Taxation and Tax Management in Nigeria. Osita Aguolu. Meridian Associates, - Taxation. Taxation and tax management in Nigeria by Osita Aguolu,Meridian Associates edition, in EnglishCited by: Taxation in Nigeria (Summary) There you have it; an overview of taxation in Nigeria, history, terms and tax policies, problems, and tax rate.

Obviously, everything about the Nigerian taxation cannot be covered in this article, so try to click the links provided on certain text to get a. Overview of Nigeria Tax System. Nigeria tax system is historical (Odusola, ) dates back to when the personal income tax was introduced in northern Nigeria before the amalgamation, through the Native Revenue Ordinances the West, the Direct Taxation Ordinance No.

4 of to Income Tax Management Act (ITMA) of and the various. introduction of the Integrated Tax Management System (ITMS); however, the system failed to achieve Since the introduction of electronic taxation in Nigeria, tax revenue. The book marks the. Advanced Taxation.

This note covers the following topics: Taxation, revenue authorities and ethical issues, Tax audit and investigation, Tax appeal tribunal and interpretation of tax laws, Tax planning and tax avoidance, Taxation of incomes, offences and penalities, Taxation of income from settlement, Trusts and estates, value added tax, capital allowances, Tax effects of privatisation and.

Tax Reform And Administration In Nigeria. Chapter one of Tax Reform And Administration In Nigeria. INTRODUCTION. BACKGROUND TO THE STUDY; The recent global crisis in the world has brought to the fore the need to note that Taxation and tax management in Nigeria book overdependence on oil creates unnecessary shocks and thus, the need for diversification of the nation’s resource base and long term growth path.

The Chartered Institute of Taxation of Nigeria started on February 4, as Association of Tax Administrators and Practitioners. Thereafter, it transformed into Nigeria Institute of Taxation, which was formally launched on Febru and statutorily recognized on May 6.

This book offers a simplified and straightforward introduction to the basics of Nigerian taxation. While discussing various laws, practices and procedures, it also addresses the latest amendments to Nigerian tax laws.

The book begins by discussing the central issue of Islamic taxation. Get print book. No eBook available. ; Find in a library; All sellers» Elements of Tax Management and Practice in Nigeria. Seyi Ojo. Sagribra Tax Publications, - Taxation - pages.

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What people are saying - Write a review. We haven't found any reviews in the usual places. Contents: general principles: e.g. definitions, objectives, criteria, direct and indirect taxes, jurisdiction, personal taxation, company taxation, local taxation.

The present form of Nigeria taxation can be traced back to During that year, the Northern and Southern Directorate implemented the basics of taxation in Nigeria. In addition, it helped to start the sequence of tax ordinances in Nigeria. Importance of Financial and Tax Management for Startups.

Taxation of Nigeria’s Digital Economy: Challenges and Prospects. Data Protection Regulation An Emerging Frontier in Data Management in Nigeria.

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Ap In developed economies, particularly, in Europe and North America, the right to privacy, the need. E4, LFN which levies education tax on the assessable profits of companies registered in Nigeria. iii) capital Gains Tax, Cap.

C1, LFN this is a tax on capital gains arising from disposal of chargeable assets. Tax Audits and Investigations Issue 2 of CITN tax practice series: Author: Seyi Ojo: Publisher: Chartered Institute of Taxation of Nigeria, Original from: Indiana University: Digitized: Length: 22 pages: Export Citation: BiBTeX EndNote RefMan.

Non-compliance with tax rules and regulations has been a bottle neck which is a key factor in the ineffectiveness in the management of Nigerian tax system. The main objective of this paper is to.

Description Taxation and tax management in Nigeria PDF

Value Added Tax VAT is a tax on spending and it is borne by the final consumer of vat-able goods and services, because it is included in the price paid. Value added tax known as VAT for short is one of the types of taxes in Nigeria, under the indirect tax category.

It replaces sales tax, which was characterized by a lot of lapses, inadequacies and restrictive coverage. Afuberoh, D& Okoye E., ()“The Impact of Taxation on Revenue Generation. in Nigeria: A Study of Federal Capital Territory and Selected States”,International Journal of Public Administration and Management Research (IJPAMR), Vol.

2, No 2,2(2) Aguolu,O. () Taxation and Tax Management in Nigeria, 3rd Edition, Enugu; Meridan. The Customs and Excise Management Act LFN imposes a custom duty on specified imported goods and also restricts the movement of certain goods in and out of Nigeria.

Any company involved in importation operations are liable to pay the tax charge ranging from 5% to. Taxation and tax management in Nigeria by Osita Aguolu, unknown edition, Share this book. Facebook. Twitter. Pinterest. Embed. Edit. Last edited by Open Library Bot. December 5, | History.

An edition of Taxation and tax management in Nigeria () Taxation and tax management in Nigeria. Nigeria is about 72% away from the best performance observed under the Paying Taxes sub-index. The conclusion from these two benchmarks is that Nigeria needs to embark on a significant tax reform to improve its ranking.

There are two main areas, based on the WBG report, which Nigeria needs to address: reduction in the number. Read Also: Solutions to Tax Evasion and Avoidance in Nigeria. Possible Solutions For Nigeria Taxation System: 1. There is need for continuous review of Tax laws. There is need for Nigeria to continue reviewing Tax policies.

This is to meet the standard of ensuring that economic realities are met. Adopting and implementing a more definitive and rigorous inheritance tax regime could complement all other existing anticorruption regulatory frameworks and help to strengthen the middle class in Nigeria.

The ongoing reform of the tax system should include a proposal for a more definitive inheritance tax regime. Such a regime would require. THE CHARTERED INSTITUTE OF TAXATION OF NIGERIA APRIL PROFESSIONAL EXAMINATION PROFESSIONAL 1: BUSINESS TAXATION ATTEMPT ALL QUESTIONS.

SHOW ALL WORKINGS. TIME: 3 HOURS 1. Modi Telecommunications Limited is a company based in Bologna, Italy with a representative office in Nigeria. Its main business is in the area of private.

Taxation is not a new word in Nigeria or the world as a whole. In Nigeria, taxation has been in existence even before the coming of the colonial men or the British. Taxation can be defined as the system of imposing a compulsory levy on all income, goods, services and properties of individuals, partnership, trustees, executorships.

This book attempts to chronicle the changes that have been taking place within the Federal Inland Revenue Service since 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.

13 COMPANY INCOME TAX. CAPITAL ALLOWANCE. REFERENCES - Fagbale - Bpp Mayo. Principles of Nigerian Taxation - Wyse. Taxation - SAFE ASSOCIATES. Taxation - Abata, M. A () Taxation & Tax Management. Principle of Tax Management in Lagos: Everblessed Ltd.

Nigeria 1st Edition - Ariwodola. problems of personal income tax collection and management in nigeria tax an evaluation of tax payers preception on the value added tax in nigeria tax an approval of pay-as you earn system of taxation in nigeria (a case study of nsukka local government area) tax. The first tax law in Nigeria came into force in known as the income tax management Act of The existence of the law was due to fact that the ordinance Europeans in the region areas.

Therefore, for this lapse to be ratified, the Rainsman fiscal commission of recommended that inclusion of the tax law that will provide for the.These laws include: Income Tax Management Act (ITMA), Companies Income Tax Decree (CITD) etc. All these are aimed at ensuring adherence to tax payment and discouraging tax evasion and avoidance.

For the purpose of this study, the researchers would be concerned with the impact of taxation on Nigeria .A Research presented by Enugu Platform on Tax Justice hosted by JDPC Enugu Diocese in collaboration with CISLAC sponsored by OXFAM Nigeria Abstract This paper exposes the injustices in the taxation of the informal sector with a view to create a safe space for the redress of these injustices either at the policy level or at the execution level.