Profitability of the nigerian tax system
Nigeria @ 50: top 50 tax issues october 2010 from internal conflicts to clear ambiguities, the nigerian tax regime can be rightly described as draconian in some. Taxation and fiscal regulations in nigeria introduction the nigerian tax system has undergone significant changes in recent times the tax laws are being reviewed with the. Company income tax in nigeria – overview of company income tax law and practice in nigeria the taxation of the profit of the companies is under the company income tax 1990 the term company for the purpose of cita 1990 is defined under s84 to mean any company or corporation (other than corporation sole or partnership established by or. Out to examine the effect of petroleum profit tax on profitability of listed oil and gas industries in nigeria statement of the problem according to appah and ebiringa (2012), it is obvious from the judgment articulated in theories that petroleum profit tax can cause an increase or a decrease in profitability of oil and gas firms in nigeria. The analysis of the effect of petroleum profit tax on nigerian economy onaolapo a abdul-rahamoh1, fasina h taiwo2 the tax system is an opportunity for. The effects of credit management on profitability of nigerian banks abstract one of the major problems confronting the nigerian banking industry today is the increasing incidence of loan defaults and consequent loan losses which manifested on the profitability of the banks, with huge uncollectible loans and.
Design and development of an e-taxation system onuiri ernest e faroun fikayo erhinyeme ogheneovo jegede ayodeji department of computer science, babcock university. A performance analysis of nigerian tax objectives actualization: evidence of 2000 – 2012 international journal of management science and business administration, 1. 1 institute of chartered accountants of nigeria taxation question 1 (a) list seven sources of nigerian tax laws (b) identify and explain any 6 canons of taxation. How nigeria’s tax system discourages investments “ without investment there will not be growth, and without growth there will not be employment” – muhtar kent. Page 1 of 13 employees’ monetary motivation and the profitability of banks in nigeria by manchia, edward american university of nigeria, yola mobile no: 08030844547 e-mail: [email protected] abstract money plays an important role in motivating employees to work hard in nigeria monetary.
So it should be recalled that nigeria income taxation in modern from now ever, only in 1940 although, there was a simiplified type of tax dating back to 1927, northern nigeria was the first of the region to levy direct personal taxation under the fulani emirs, prior to the advent of the british in the system, a kind of minimum tax was levied per head. Nigerian law by virtue of the petroleum profits tax act requires all companies engaged in the extraction and transportation of petroleum to pay tax the taxable income of a petroleum company comprises proceeds from the sale of oil and related substances used by the company in its own refineries plus any other income of the company incidental.
November 1997 research paper sixty-seve n u8rafly i il u «is m productivity of the nigerian tax system: 1970=199© ademola ariyo ^african economi researcc consortiuh m. Nigerian tax system and administration: implications of multiple taxation on the economy omesi, israel mba, (phd), cpa department. Evidence from the nigerian banking system1 sebastian ofumbia uremadu department of banking and finance college of agribusiness and financial management mouau, umuahia, abia state, nigeria e-mail: [email protected] abstract this study presents empirical evidence of the effect of bank capital structure and liquidity on. Nigeria tax system it enlightened both the students who are aspiring to be a tax consultant and taxpayers who desire to have a basic knowledge in tax friday, 14.
Profitability of the nigerian tax system
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The effectiveness of distribution strategy on organisational profitability (a case study of nigerian bottling company) – pro1 (55) the effectivess of central bank. C convenience: the tax payment is a burden at the point of payment although the payer may accept the fairness of the tax he is payingto collect tax at the most convenient point and time reduces losses that may be encountered as a result of evasion and makes the whole system simple. Nigeria tax guide 2013 pkf worldwide tax guide 2013 i foreword foreword a country’s tax regime is always a key factor for any business considering moving into. Keywords: effect high corporate tax rate profitability and organisations 1 introduction 11 background to the study one of the acts regulating the taxation. Productivity of the nigerian tax system (1994 - 2013) the nigeria tax system comprises of the tax laws, policies and tax administration on the tax laws, odusola.
It is beneficial for taxpayers if tax authorities keep within the provisions of the law while we await further directives from firs, it is advisable for nrcs to take steps to regularize their tax positions in nigeria so as not to be caught unawares. The nigerian tax system has been taken through several reforms and modifications the purpose is to further enhance the process of tax collection and administration in nigeria. Impact of company income taxation on the profit 1 ability of companies in nigeria: a study of nigerian breweries 1chude, daniel izuchukwu and 2chude, nkiru patricia. 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. This is a study of the properties of the nigeria’s tax system particularly the bases of the company income tax, value added tax and personal income tax the results.