THE PROBLEMS AND PROSPECTS OF COMPANY INCOME TAX ADMINISTRATION IN NIGERIA. A CASE STUDY OF ABIA STATE FEDERAL BOARD OF INLAND REVENUE

  • Type: Project
  • Department: Accounting
  • Project ID: ACC3313
  • Access Fee: ₦5,000 ($14)
  • Pages: 68 Pages
  • Format: Microsoft Word
  • Views: 199
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
This study shows the problems and prospect of Nigerian company tax with Abia State Federal Board of Inland Revenue as the case study. The period covered by this research enabled the research to be reliable. 
 
RESEARCH OBJECTIVES 
To ascertain whether sharp practices in administration between the staff of FBIR and assess company contributed to tax evasion 
To ascertain if there is any variation between financial statement used for AGM and that sent to FBIR for tax administration 
To ascertain whether loss of confidence in government officials has contributed to tax evasion. 

INTRODUCTION
Every country in the world tends to generate income through tax administration. In Nigeria the company income tax administration aims and tries to tax each company in the state more effectively. However the level at which the company income tax Administration in Nigeria tend to achieve its desired goals and objectives depends mostly on the tax office and the company that is operating in Abia state.

For the tax Administration in Nigeria to be effective the aspect of the companies been taxed should be considered adequately and more accurately so that the company would provide reliable financial performance information for assessment. In which the federal government derives its income.

Due to the ever changing tax administration policies in the country and modifications in the aspect of taxation in Nigeria some companies want to stay afloat and employ all kind of strategies that benefits them. Some of them evade tax and some avoid tax.

When tax in Nigeria is paid by the various companies operating in the state the revenue collected are used to provide utility services and providing additional government services such as in education and transport which are of great importance to the growth of the economy of the state and to the country.
 
Tax administration in the country is a very important aspect that assist in the provision of revenue to the economy of which the avoidance of tax payment by the companies in the country in general and in Abia state in particular will result to a serious damage to the revenue which should have been generated and used for the provision of infrastructure.

When a company is been taxed by the federal board of inland revenue (FBIR) the company is meant to give an accurate information about their income but some companies go to the extent of forgery in provision of their documents which gives an incorrect information to the board, thereby causing reduction in their tax assessment.

Based on the above observation or trend of this action over time this study set out to examine the problems and prospects of the company income tax administration in Nigeria and in Abia state to be precise.
THE PROBLEMS AND PROSPECTS OF COMPANY INCOME TAX ADMINISTRATION IN NIGERIA. A CASE STUDY OF ABIA STATE FEDERAL BOARD OF INLAND REVENUE
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Accounting
  • Project ID: ACC3313
  • Access Fee: ₦5,000 ($14)
  • Pages: 68 Pages
  • Format: Microsoft Word
  • Views: 199
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Accounting
    Project ID ACC3313
    Fee ₦5,000 ($14)
    No of Pages 68 Pages
    Format Microsoft Word

    Related Works

    This study shows the problems and prospect of Nigerian company tax with Abia State Federal Board of Inland Revenue as the case study. The period covered by this research enabled the research to be reliable.    RESEARCH OBJECTIVES   To ascertain whether sharp practices in administration between the staff of FBIR and assess company contributed to... Continue Reading
    This study shows the problems and prospect of Nigerian company tax with Abia State Federal Board of Inland Revenue as the case study. The period covered by this research enabled the research to be reliable. RESEARCH OBJECTIVES To ascertain whether sharp practices in administration between the staff of FBIR and assess company contributed to tax... Continue Reading
    ABSTRACT Tax policy administration and implementation have been a great problem to the third world countries, which Nigeria is one. This research work, “income tax administration in Abia State, a critical evaluation of the problems and prospects. Thereafter, suggests ways of minimizing the effects of the following problems. Avoidance and evasion... Continue Reading
    ABSTRACT Tax policy administration and implementation have been a great problem to the third world countries, which Nigeria is one.  This research work, “income tax administration in Abia State, a critical evaluation of the problems and prospects.  Thereafter, suggests ways of minimizing the effects of the following problems.  Avoidance and... Continue Reading
    BACKGROUND OF THE STUDY The primary function of the government or any modern societies includes offering protection to its citizens. To provide social amenities and create condition for economy well being of the society surely the discharge of this responsibility requires funding, and one of the way by which government generates fund is through... Continue Reading
    BACKGROUND OF  THE STUDY The primary function of the government or any modern societies includes offering protection to its citizens. To provide social amenities and create condition for economy well being of the society surely the discharge of this responsibility requires funding, and one of the way by which government generates fund is through... Continue Reading
    Tax administration in Nigeria lacks coherent policy and this made the economy to remain in a deep structure. The main purpose of this study was to investigate the critical tax administration challenges before Nigeria and pinpoint measures required by authorities and practitioners to meet them in order to achieve these, two hypotheses were... Continue Reading
    Tax administration in Nigeria lacks coherent policy and this made the economy to remain in a deep structure. The main purpose of this study was to investigate the critical tax administration challenges before Nigeria and pinpoint measures required by authorities and practitioners to meet them in order to achieve these, two hypotheses were... Continue Reading
    ABSTRACT The project title: effectiveness of tax administration in Nigeria   is meant to explain   in details the administration   and management of tax in Nigeria   fails means to enlighten and farouse consciousness on the students who intend going   into the profession on the challenges besetting effective administration    of tax in... Continue Reading
    PROPOSAL Taxation is the legal demand made by the federal government or the state government on its citizens to pay money income, goods and services. In less complex society in which government has duties and responsibilities, financial need of the government income greater consequently taxes – increase and their effect on the economy become... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us