THE PROBLEMS AND PROSPECTS OF COMPANY INCOME TAX ADMINISTRATION IN NIGERIA (A CASE STUDY OF ABIA STATE FEDERAL BOARD OF INLAND REVENUE)
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THE PROBLEMS AND PROSPECTS OF COMPANY INCOME TAX ADMINISTRATION IN NIGERIA (A CASE STUDY OF ABIA STATE FEDERAL BOARD OF INLAND REVENUE)
CHAPTER ONE
INTRODUCTION
1.1
BACKGROUND OF STUDY.
Every country in the world tends to generate income through
tax administration. In Nigeria the company income tax administration aims and
tries to tax each company in the state more effectively. However the level at
which the company income tax Administration in Nigeria tend to achieve its
desired goals and objectives depends mostly on the tax office and the company
that is operating in Abia state.
For the tax Administration in Nigeria to be effective the
aspect of the companies been taxed should be considered adequately and more
accurately so that the company would provide reliable financial performance
information for assessment. In which the federal government derives its income.
Due to the ever changing tax administration policies in the
country and modifications in the aspect of taxation in Nigeria some companies
want to stay afloat and employ all kind of strategies that benefits them. Some
of them evade tax and some avoid tax.
When tax in Nigeria is paid by the various companies
operating in the state the revenue collected are used to provide utility services
and providing additional government services such as in education and transport
which are of great importance to the growth of the economy of the state and to
the country
THE PROBLEMS AND PROSPECTS OF COMPANY INCOME TAX ADMINISTRATION IN NIGERIA (A CASE STUDY OF ABIA STATE FEDERAL BOARD OF INLAND REVENUE)
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Every country in the world tends to generate income through tax administration. In Nigeria the company income tax administration aims and tries to tax each company in the state more effectively. However the level at which the company income tax Administration in Nigeria tend to achieve its desired goals and objectives depends mostly on the tax office and the company that is operating in Abia state.
For the tax Administration in Nigeria to be effective the aspect of the companies been taxed should be considered adequately and more accurately so that the company would provide reliable financial performance information for assessment. In which the federal government derives its income.
Due to the ever changing tax administration policies in the country and modifications in the aspect of taxation in Nigeria some companies want to stay afloat and employ all kind of strategies that benefits them. Some of them evade tax and some avoid tax... accounting project topics
THE PROBLEMS AND PROSPECTS OF COMPANY INCOME TAX ADMINISTRATION IN NIGERIA (A CASE STUDY OF ABIA STATE FEDERAL BOARD OF INLAND REVENUE)