CHAPTER ONE
1.0 INTRODUCTION
ONE OF THE MAJOR FUNCTIONS OF ANY GOVERNMENT ESPECIALLY DEVELOPING COUNTRIES SUCH AS NIGERIA IN THE PROVISION OF INFRASTRUCTURE SERVICE SUCH AS ELECTRICITY, PIPE-BORN WATER, HOSPITALS, SCHOOLS, ACCESS ROADS AND AS WELL ENSURE A RISE IN PER CAPITAL INCOME POVERTY ALLEVIATION TO MENTION A FEW. FOR THESE SERVICE TO BE ADEQUATELY PROVIDED GOVERNMENT SHOULD HAVE ENOUGH REVENUE TO FINANCE THEM. THE TASK OF FINANCING THERE ENOUGH REVENUE TO FINANCING THERE ENORMOUS RESPONSIBILITIES IS ONE OF THE MAJOR PROBLEM FACING THE GOVERNMENT. GIVEN THE LIMITED RESOURCES OF GOVERNMENT, THERE IS NEED TO CARRY THE CITIZENS (GOVERNED) ALONG HENCE THE IMPOSITION OF TAX ON ALL TAXABLE INDIVIDUALS AND COMPANIES TO AUGMENT GOVERNMENT’S FINANCIAL POSITION. TO THIS END, GOVERNMENT HAVE ALWAYS ENACTED VARIOUS TAX LAWS AND REFORMS EXISTING ONES TO STAND THE TASTE OF TIME. THEY INCLUDE: INCOME TAX MANAGEMENT ACT (ITMA) COMPANIES INCOME TAX DECREE (CITD) JOINT TAX BOARD (JB) ETC. ALL THESE ARE AIMED AT ENSURING ADHENCE TO TAX PAYMENT AND DISCOURAGING TAX EVASION AND AVOIDANCE.
This material content is developed to serve as a GUIDE for students to conduct academic research
A1Project Hub Support Team Are Always (24/7) Online To Help You With Your Project
Chat Us on WhatsApp » 09063590000
DO YOU NEED CLARIFICATION? CALL OUR HELP DESK:
09063590000 (Country Code: +234)
YOU CAN REACH OUR SUPPORT TEAM VIA MAIL: [email protected]
DO YOU NEED CLARIFICATION? CALL OUR HELP DESK:
09063590000 (Country Code: +234)
YOU CAN REACH OUR SUPPORT TEAM VIA MAIL: [email protected]
Related Project Topics :
AN EMPIRICAL EXAMINATION OF FRAUD IN THE NIGERIA BANKING INDUSTRY
BANKS PARTICIPATION IN INDUSTRIAL DEVELOPMENT IN NIGERIA
FORENSIC ACCOUNTANT ROLE IN FRAUD DETECTION IN NIGERIA
AUDIT OF TREASURY SINGLE ACCOUNT IN NIGERIA: A COMPARATIVE ANALYSIS BEFORE AND AFTER IMPLEMENTATION
ACCOUNTING INFORMATION, STOCK MARKET GROWTH AND THE NIGERIAN ECONOMY
THE PROBLEMS AND PROSPECTS OF COMPANY INCOME TAX ADMINISTRATION IN NIGERIA
EFFECT OF INTELLECTUAL CAPITAL ON CORPORATE VALUATION OF QUOTED FIRMS IN NIGERIA
AN APPRAISAL OF STOCK PRICING IN THE NIGERIAN CAPITAL MARKET