FEATURE: Why Babatunde Fowler Will Change The Face Of Taxation In Nigeria

Blank NEWS Online

Nigeria, August 22, 2015, (Blank NEWS Online) – By Daramola Babalola Babatunde Fowler Babatunde Fowler

The Nigerian tax system has faced several challenges in recent times. Under current Nigerian law, taxation is enforced by the 3 tiers of government, i.e. federal, state, and local governments, with each having its sphere clearly spelt out in the Taxes and Levies (approved list for Collection) Decree, 1998.

Several contentious issues have plagued taxation in Nigeria in recent years, among them is the issue of the appropriate tax authority to administer several taxes, also there is the issue of multiple taxes administered by all the three tiers of government which sometimes imposes welfare cost.

Furthermore, the issue of the paucity of a data base, which contributes to tax avoidance in the country. The issue of corruption is still a perennial issue in the country; this reduces the confidence and trust of the taxpayers in discharging their…

View original post 1,478 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s