Download Tag: PETROLEUM PROFIT TAX ADMINISTRATION

CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY As Africa’s most populous country, Nigeria boasts of the continent’s second largest oil reserves and has a very promising growth outlook. Poised to eclipse Africa’s largest economy by 2016, Nigeria is becoming a rather worthy recipient of foreign capital, receiving anywhere from $10-$12 billion per year. However, in order to take full advantage of what foreign investment has to offer, Nigeria has been ...

ABSTRACT The basic reasons for taxation in any economy cater on the need to raise revenue for economic and social development and to guide tax payers’ behaviour. Revenue from taxation accounts for over 80% of government earnings in Nigeria, hence, special attention is often paid by tax experts, economists and the larger public on how such revenue is being disbursed by government among the various economic sectors that make up ...