Tax Law

fraud under taxation involves evasion and non-compliance by individuals and firms being involved in fraudulent schemes intended to evade or reduce tax liability

As part of the ongoing reforms of the tax systems in Nigeria. Tax Appeal Tribunal is set up by the federal government to adjudicate all tax disputes arising from operations of the various Tax laws as spelt out in the fifth schedule to the FIRS (Establishment) Act, 2007.

The collection of Value Added Tax (VAT) has become a contentious issue in Nigeria, sparking debates and legal battles between the Federal Government and state governments

It is not in doubt that governments all over the world across all levels, introduce tax and fiscal incentives not only to encourage the development and growth of businesses but to as well ease the financial burdens of the companies

It is important to note that the specific impacts of road taxation in Nigeria can vary depending on the design of tax policies, the effectiveness of revenue collection and allocation mechanisms, and the overall governance and management of road infrastructure

A diversion from the monotonous mode of generating revenue by the government through the introduction of taxes is a vibrant means of improving the economy of the nation. Indirect taxation in particular is an effective means of achieving this as it prevents issues such as tax evasion.