Download Tag: COMPANY INCOME TAX

ABSTRACT It is a known fact that taxation is one of the major sources of government funds. There are various forms of levies in Nigerian tax system, among these is Company Income Tax. The present study focuses on the significance of Company Income Tax on Nigerian economy and its effects on Nigerian companies, a case study of Union Bank Plc, Illorin. Company Income Tax is a levy, which is imposed ...

CHAPTER ONE 1.0      INTRODUCTION 1.1     BACKGROUND OF THE STUDY 1.2     STATEMENT OF THE PROBLEM Ogba (2013) noted that experience has shown that there are certain issue that commonly arise and questions that often come up when foreign investors seek to .invest in Nigeria. This article (while attempting to address some of those issues that investors often seek answer to) is not intended to be specific to ...

ABSTRACT This study examined the impact of companies’ income taxon economic growth (proxy by gross domestic product) in Nigeria. Secondary time series panel data was collected for the period 2005 to 2014 from the Statistical Bulletin of the Central Bank of Nigeria (CBN). The study employed Ordinary Least Squares (OLS) technique based on the computer software Windows SPSS 20 version for the analysis of data, where gross Domestic product (GDP), ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY According to Black Law Dictionary, tax is a rateable portion of the produce of the property and labor of the individual citizens, taken by the nation, in the exercise of its sovereign rights, for the support of government, for the administration of the laws, and as the means for continuing in operation the various legitimate functions of the state.The Institute of Chartered Accountants ...

ABSTRACT The contributions of Company Income Tax (CIT) to any economy globally cannot be over emphasized. Apart from the revenue function it performs for the government, it is also used to assist the national government to achieve the country’s macro-economic objectives in the areas of fiscal and monetary policies. It has been observed over the years in Nigerian economy that the taxation derived from companies has been grossly understated due ...

ABSTRACT The contributions of Company Income Tax (CIT) to any economy globally cannot be overemphasized. Apart from the revenue function it performs for the government, it is also used to assist the national government to achieve the country’s macro-economic objectives in the areas of fiscal and monetary policies. It has been observed over the years in Nigerian economy that the taxation derived from companies has been grossly understated due to ...

ABSTRACT The contributions of Company Income Tax (CIT) to any economy globally cannot be overemphasized. Apart from the revenue function it performs for the government, it is also used to assist the national government to achieve the country’s macro-economic objectives in the areas of fiscal and monetary policies. It has been observed over the years in Nigerian economy that the taxation derived from companies has been grossly understated due to ...