Principles and Practics of Nigerian Personal Income Tax
Author : Agbetunde Lateef Ayodele
Publisher :
Page : 352 pages
File Size : 23,51 MB
Release : 2004
Category : Income tax
ISBN : 9789780649890
Author : Agbetunde Lateef Ayodele
Publisher :
Page : 352 pages
File Size : 23,51 MB
Release : 2004
Category : Income tax
ISBN : 9789780649890
Author : Johnbest Churchill
Publisher : GRIN Verlag
Page : 250 pages
File Size : 11,29 MB
Release : 2022-12-07
Category : Law
ISBN : 3346775763
Academic Paper from the year 2022 in the subject Law - Tax / Fiscal Law, grade: 4.5, National Open University of Nigeria, language: English, abstract: Taxation is perhaps the oldest recognized profession in the world. It has always been with us, it is still with us, and it will continue to be with us. According to chapter two, verse one of St. Luke's gospel of the Holy Bible which reported the birth of our Lord Jesus Christ with a decree from Augustus Ceasar that all the world should be taxed. "and it came to pass in those days that there went a decree from Ceasar Augustus that all the world should be taxed;" (and this taxing was first made when Cyrenious was governor of Asyria). This Biblical record is perhaps the origin of taxation. Taxation may be defined as the compulsory contribution imposed by a public authority, irrespective of the amount of services rendered to the taxpayer in return. Taxation can also be defined according to Ola (1987) as the demand made by the Government of a country for compulsory payment of money by the citizens of the country. Tabansi (1997) says tax is a levy imposed by the Government against the income, profit or wealth of the individual, partnership and corporate organization. The above definitions emphasizes the fact that taxation is a compulsory levy or contribution that is imposed by the Government on the people resident in the country. Since it is a compulsory payment made either directly or indirectly, refusal to comply becomes an offence, which attracts punishment. Taxation is divided into various types such as Income Tax, Corporation Tax, Capital Gain Tax etc. In Nigeria, tax is levied by the authority of Federal Government Income Tax Management Act of 1961 (ITMA) and subsequent amendment, including the finance (Miscellaneous Taxation Provisions) Decree 1992 and the finance (Miscellaneous Provisions) Decree 1997. The tax year of most government establishment is based on the fiscal year, which is the normal calendar year and ranges from 1st January to 31st December of the same year. This income tax year is also called the year of assessment, for instance the 1999 year of assessment is the 1999 fiscal year.
Author : Akwada Chukwudi James
Publisher :
Page : 178 pages
File Size : 42,85 MB
Release : 2008
Category : Income tax
ISBN : 9789780855987
Author : Sam A. Okezie
Publisher :
Page : 409 pages
File Size : 25,17 MB
Release : 2003
Category : Income tax
ISBN : 9789780602246
Author : Edward Dua Agyeman
Publisher :
Page : 424 pages
File Size : 26,40 MB
Release : 1987
Category : Taxation
ISBN :
Author : A. K. Agyei
Publisher :
Page : 270 pages
File Size : 31,73 MB
Release : 1983
Category : Income tax
ISBN :
Author : Jude Chukwunwike Ndulue
Publisher :
Page : 284 pages
File Size : 50,99 MB
Release : 2000
Category : Income tax
ISBN :
Author : M. T. Abdulrazaq
Publisher :
Page : 157 pages
File Size : 50,90 MB
Release : 1993
Category : Tax planning
ISBN : 9789783210516
Author : S. A. Rabiu
Publisher :
Page : 452 pages
File Size : 22,12 MB
Release : 1986
Category : Income tax
ISBN :
Author : Kriz David
Publisher :
Page : 252 pages
File Size : 18,10 MB
Release : 2016-10-31
Category :
ISBN : 9781539825975
This book is called The Tax Manual as it covers all principles and practice of taxation in Nigeria. It is the ideal manual for students studying taxation for degree courses or writing professional examinations in Nigeria. Lecturers and Tax practitioners will find the book most valuable. The book is current and straight to the point, devoid of the Nigerian Tax Chronology. The cases at the end of each chapter capture the applications of the principles. Some of the cases are quite lengthy, not particularly the style of examiners, the objectives is to expose users to both principles and dynamics of the practice of taxation.