Taxation in Western and Mid-western Nigeria (with emphasis on administration at the local level)

by G. Oka Orewa

Publisher: Nigerian Institute of Social and Economic Research in [Ibadan]

Written in English
Published: Pages: 152 Downloads: 591
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Places:

  • Nigeria.

Subjects:

  • Tax administration and procedure -- Nigeria.,
  • Taxation -- Nigeria.

Edition Notes

Statementby G. Oka Orewa.
ContributionsOrewa, G. Oka.
Classifications
LC ClassificationsHJ3657.5 .O74 1979
The Physical Object
Paginationxvi, 152 p. :
Number of Pages152
ID Numbers
Open LibraryOL3859342M
ISBN 109781810009
LC Control Number81179571
OCLC/WorldCa8352844

Taxation and Tax policy as government strategy tools for Economic development in Nigeria Oyewo Babajide Michael 1 1 (School of Business, Department of Accounting, Covenant University, Ogun State,Nigeria) Abstract: Taxation, besides its revenue generation capacity, can also be used as a fiscal policy tool to shape the economy. The overall objective of the study is to determine and assess the effects of taxes towards the growth and development of the Nigeria economy. This is assessing the various effects of taxation and the various tax policies to determine if they have resulted into positive or negative growth and development of the Nigerian economy over time. TAXATION AS A TOOL FOR ECONOMIC DEVELOPMENT OF NIGERIA. CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Nigeria as a nation has the vision of becoming one among the world’s 20 largest economies in the year ; this obviously is the brain behind the priority attention the present administration is directing at infrastructural development which is . Nigeria has a three tier tax structure where taxes are levied by Federal Government, State Government and Local Government Council. The authority to levy a tax is received from the Nigerian Constitution. In the constitution there is clear distinction of respective taxes to .

The book simplifies the basics of Nigerian taxation, discusses different Laws, Practice and Procedures in the Nigerian taxation, contains the current law position based on the latest amendments to Nigerian Tax Laws, and treats the issue of Islamic Taxation and its legality under the Nigerian law. THE ROLE OF TAXATION IN NIGERIA’S OIL AND GAS SECTOR REFORMS – Several stakeholders in Nigeria’s oil and gas industry have emphasized the need for petroleum sector reforms in Nigeria. Canada is reputed to have one of the best oil and gas tax regimes in the world. This thesis argues that certain tax measures in Canada’s oil and gas. The Chartered Institute of Taxation of Nigeria is the professional certified tax administrators in Nigeria. CITN was formed by the government for the purpose of training and educated professionals. The historical background of taxation in Nigeria indicates that the first form of taxation occurred in Northern Nigeria. Taxation started in the pre-colonial era and has been improved over the years.

  A tax in Nigeria is a compulsory levy imposed by the Federal Government of Nigeria on individuals and corporate entities in respective of return of service expected from the government. In Nigeria, nobody can dispute the fact that though this taxe.   This book provides a comprehensive introduction to petroleum profits tax in Nigeria for the benefit of students reading Accountancy, Taxation and related courses in the Nigerian universities and polytechnics and students preparing for professional examinations such as ICAN, CITN, ANAN, ICPAN, CICMA and other examinations of comparable standards. History of Taxes in the Middle Ages. Fair taxation was a key issue for many English citizens during the medieval period. Most citizens were subject to a poll tax, which was a flat tax on every adult in a jurisdiction, as well as property and church taxes. Even peasants that did not own land had to pay property taxes on land that they rented.   Today marks Nigeria's 59th anniversary of her independence from colonial rule. But how far have we come as a nation? Join this roundtable panel of analysts d.

Taxation in Western and Mid-western Nigeria (with emphasis on administration at the local level) by G. Oka Orewa Download PDF EPUB FB2

Taxation and Tax Management in Nigeria: Osita Aguolu: : Books. Buy New. $ Qty: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Qty: by: Taxation in Western Nigeria: The Problems of an Emergent State [Orewa, G.

Oka] on *FREE* shipping on qualifying offers. Taxation in Western Nigeria: The Problems of an Emergent State. Taxation in Nigeria: A Beginner’s Guide To Nigeria’s Tax System.

The development of any nation depends on the amount of revenue generated by the government for the provision of infrastructural facilities. Taxation is the key to unlocking the resources required for. Try the new Google Books. Check out the new look and enjoy easier access to your favorite features Edward D.

Agyeman. Triumph Publishing Company (Nigeria) Limited, - Taxation - pages. 0 Reviews. From inside the book. What people are saying - Write a review.

We haven't found any reviews in the usual places. Nigerian Taxation. This book discusses the evolution of taxation in Nigeria within the framework of eight broad themes i.e., The Origin and Practice of Fiscal Federalism in Nigeria, The Constitutional Context for Taxation, The Three Eras of Taxation in Nigeria, The Structure and Jurisdiction of Nigerian Tax Authorities, Instruments of Tax Policy, Statutory Developments, Beyond Oil Revenue: The Case for Tax.

Income Tax Law and Practice in Nigeria by C S Ola,available at Book Depository with free delivery worldwide. Income Tax Law and Practice in Nigeria: C S Ola: We use cookies to give you the best possible experience. The role of direct taxes in revenue was even more significant in Northern Nigeria which had less access to the coast for trade than Southern Nigeria, though it featured prominently in both under.

A comprehensive tax history of Nigeria. This book discusses the evolution of taxation in Nigeria within the framework of eight broad themes i.e., is similar to Western colonialism in many. The taxation system in Nigeria. The taxation system in Nigeria.

Updated 2 years ago. While competitive enough to bolster the country’s appeal to foreign investors and skilled expats, Nigeria’s tax system is also tasked with the responsibility of providing the government with enough resources to finance the country’s.

Even though the tax system in Nigeria has gone through many important and useful changes, there is still much to do. The way things are handled right now are unacceptable. Tax collection should be effective and fair. Taxes should be an instrument of development and growth and.

an overview of the nigerian tax system: implications for foreign investors by mark anthony c. dike, fcti president and chairman of council of the chartered institute of taxation of nigeria (citn) at the nigerians in despora organisation (nido) uk south investment conference on the 17th – 18th march This study examined the impact of E-Taxation on Nigeria’s revenue and economic growth.

Given that the purpose of introducing electronic tax system is to improve revenue collection which will in turn improve the country’s economic growth, the study empirically examined how the implementation of E-taxation in has affected Tax Revenue, Federally Collected Revenue and Tax-to-GDP : Chijioke N.

Ofurum, Leonard I. Amaefule, Bossco E. Okonya, Henry C. Amaefule. Nigeria is about 72% away from the best performance observed under the Paying Taxes sub-index. The conclusion from these two benchmarks is that Nigeria needs to embark on a significant tax reform to improve its ranking.

There are two main areas, based on the WBG report, which Nigeria needs to address: reduction in the numberFile Size: 2MB. Tax laws in Nigeria. The present form of Nigeria taxation can be traced back to During that year, the Northern and Southern Directorate implemented the basics of taxation in Nigeria.

In addition, it helped to start the sequence of tax ordinances in Nigeria. - Proclamation Law. Contents: general principles: e.g. definitions, objectives, criteria, direct and indirect taxes, jurisdiction, personal taxation, company taxation, local taxation.

The role of taxation in promoting economic growth in Nigeria is not fully felt, and optimal tax is not been realized that can engine economic growth primarily because of its poor administration.

Even after some tax policies the tax authority has put in place over the few years such as the E- Payment scheme, Tax Identification NumberFile Size: KB. Taxation - Free download Ebook, Handbook, Textbook, User Guide PDF files on the internet quickly and easily.

The Importance of Taxation in Nigeria Here are the Importance of Taxation in Nigeria: 1. To generate government revenue.

Government revenue is the money that comes to the government monthly and that is used to pay civil servants, political leaders and fund public projects like road construction, power generation, etc.

The Mid-Western Region was a division of Nigeria from tofrom being known as the Bendel state. It was formed in June from Benin and Delta provinces of the Western Region, and its capital was Benin was renamed a province inand in when the other provinces were split up into several states, it remained territorially intact, becoming a state.

Taxation is central to the current economic development agenda. It provides a stable flow Excluding Nigeria and South Africa, government revenue as a share of GDP rose even more in the continent, increasing from an average of % for to % in However, a significant share of the increase in tax revenue in the region cameFile Size: KB.

Get this from a library. Taxation in Western Nigeria: the problems of an emergent state. [G Oka Orewa; Nigerian Institute of Social and Economic Research.]. To create a system of taxation, a nation must make choices regarding the distribution of the tax burden-who will pay taxes and how much they will pay-and how the taxes collected will be spent.

In Nigeria, the taxation system dates back to when the personal income tax was introduced in northern Nigeria before the unification of the country by the colonial masters.

Nigeria depends on crude exports for about 70 per cent of government revenue and more than 90 percent of foreign exchange. With the drop of the price of Brent crude by more than half since peaking in Junethe ability of the FGN, SGs and LGs to deliver on File Size: KB. Types of Taxes In Nigeria Types of Taxes In Nigeria.

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) Petroleum Profit Tax(PPT) Value Added Tax (VAT). Nigeria.

PKF Worldwide Tax Guide /17 1 information on their country's taxes that forms the heart of this publication. Transactions on basic food items produced within the country, books and educational materials, plant and machinery for use in Export Free File Size: KB.

This Research Work is on Taxation As A Tool For Economic Development Of Nigeria. CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY Nigeria as a nation has the vision of becoming one among the world’s 20 largest economies in the year ; this obviously is the brain behind the priority attention the present administration is directing at infrastructural development.

After studying this chapter, readers are expected to: i. be abreast with different tax laws in Nigeria, and ii. be exposed to the sources of Nigerian Tax : Saka Muhammed Olokooba. Double Taxation Agreements/Treaties Nigeria has a number of tax treaties referred to as “Double Taxation” Agreements with a number of countries.

This is to ensure that the tax payable in Nigeria on the profits of a Nigerian company being remitted into the country are reduced by the amount of “foreign Tax” paid abroad and vice Size: 48KB. Taxation In Nigeria and History of Taxation In Nigeria A tax in Nigeria is a compulsory levy imposed by the Federal Government of Nigeria on individuals and corporate entities in respective of return of service expected from the government.

In Nigeria, nobody can dispute the fact that though this taxes are been collected, they are [ ]. Introduction. The Nigerian tax system has undergone several reforms geared at enhancing tax collection and administration with minimal enforcement cost.

The recent reforms include the introduction of TIN, (unique Taxpayer’s Identification Number), automated tax system that facilitates tracking of tax positions and issues by individual taxpayers, e-payment system which enhances smooth payment procedure and reduces the incidence of tax touts.

Taxation is by and large the most important source in nearly all countries. According to the most recent estimates from the International Centre for Tax and Development, total tax revenues account for more than 80% of total government revenue in about half of the countries in the world – and more than 50% in almost every country.study to evaluate the relationship between Tax Revenue and National Income in Nigeria economy and non-oil revenue.

Oil revenue which include Petroleum Profit Tax, Royalties, Personal Income Tax, Custom and Excise duties, Value Added Tax which have contributed greatly to the national income of Nigeria (Aguolu, ).Taxation in Nigeria Different types, forms and classes of taxes exist (Anyaduba, ) but the commonest classification in Nigeria is that according to the tax payer categorised as direct or indirect.

The direct tax is a levy on personal, corporate income or by: 2.