Small and medium sized enterprises (smes) are important for their contribution to employment, innovation, economic growth and diversity this report examines the tax treatment of smes, the. Papers on selected topics in protecting the tax base of developing countries september 2014 taxation of capital gains general principles for taxing non. Chapter 2 fundamental principles of taxation this chapter discusses the overarching principles of tax policy that have traditionally guided the development of tax. Taxes in nigeria taxes in nigeria tax treaties: nigeria has a number of tax treaties referred to as “double taxation” agreements with a number of countries. Get this from a library principles and practice of nigerian tax planning and management [m t abdulrazaq. All taxes in nigeria are collected by nigeria's federal inland revenue service (firs)according to firs there are nine(9) types of taxes in nigeria: companies income tax (cit. Nigeria: the necessary step on taxation tweet and directive principles of state policy that nigeria's tax to gross domestic product. Nigeria tax guide 2013 company tax all companies operating in nigeria outside the oil and gas sector of the economy are required to pay income and education tax.
Guide to business in nigeria taxation in nigeria, all persons in employment, individuals in business, non residents who derive income from nigeria as well as companies that operate in. Tax challenges of e-commerce in nigeria: the panacea for legal jurisprudence the global taxation principles of e avenues for leakages in the nigeria tax. Revenue allocation in nigeria and the dependency on oil of nigeria- revenue allocation in nigeria and the dependency on oil revenue: nigeria, since the 70s. National open university of nigeria school of management sciences course code: acc201 course title: principles of taxation acc201 principles of taxation. Taxation and fiscal regulations in nigeria introduction the nigerian tax system has undergone significant changes in recent times the tax laws are being reviewed with the.
The ciot is the leading professional body in the uk for advisers dealing with all aspects of taxation as a not-for-profit organisation our primary purpose is to promote education in. An overview of the nigerian tax system: implications for foreign investors by the administration of taxation in nigeria is vested in the various tax authorities. Fundamental principles of nigeria tax for the examinations of the institute of accounting of nigeria and the chartered institute of taxation of nigeria. Impact of petroleum profit tax, company income tax, personal income tax, value added tax revenue on nigeria’s economic growth between 1980 and 2013.
Course title: taxation & tax management - social implication of taxation 2 tax administration in nigeria principles of nigerian taxation - wyse. Chartered institute of taxation of nigeria (citn) chartered institute of local government and public administration of nigeria (cilgpan) taxation principles. The aim of this material is to highlight the fundamentals of tax planning and management and law of federation of nigeria (lfn), 2004 general principles of. This chapter discusses the overarching principles of tax policy that have traditionally guided the development of tax systems it then provides an overview of.
General principles of taxation & paye a cardinal principle of taxation is that all income derived from benefits or other likes are liable to tax in nigeria. Tax administration in nigeria problems and 3 223 principles of taxation in nigeria opines that a tax system that. In nigeria, the oecd model has served as the basis on which most of the current double taxation treaties (dtts) with other countries have been formulated. Impact of multiple-taxation on competitiveness in nigeria nihal pitigala and mombert hoppe march 2011 introduction nigeria is africa‘s most populous country.
University of nigeria, nsukka enugu several principles have been expounded and adopted once in a while comparability, fiscal efficiency, tax. Impact of tax administration on government revenue in a this paper attempts to look at the nigeria tax administration and its these principles still.