The purpose of this article is to enlighten taxpayers on types of tax returns to file with the Nigerian Federal Inland Revenue Service. It highlights the types of federal taxes in Nigeria under various legislations. Fundamentally, a tax is a financial obligation an individual or corporate body pays to the government to fund public expenditure.… Continue reading Types of Federal Taxes in Nigeria
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Liability For Tax Evasion in Nigeria
Meaning of tax evasion Tax evasion is a deliberate avoidance of tax payment through methods that violate tax laws. It is a wilful escape to illegally reduce tax liability. Tax evasion is illegal and there is criminal liability for tax evasion in Nigeria. Tax evasion usually involves falsifying tax information, withholding or refusing to render… Continue reading Liability For Tax Evasion in Nigeria