Тax evasion and the law in Nigeria
Тax evasion and the law in Nigeria

Summary/Abstract: This paper has dealt with the incidence of tax evasion and how the law in Nigeria has tackled the problem. It came against the background of massive tax evasion in the country which has resulted in the loss of needed revenue for development. Most individuals eligible to pay tax are not usually amenableto doing so willingly thereby resulting in tax evasion and tax avoidance. Neglect or refusal to pay tax invariably attracts various ranges of punishment. All of these issues have been discussed in this paper under introduction, conceptual framework, grounds for imposition of tax, statutory provisions on tax evasion, reasons for and implications of tax evasion, recommendations and conclusion. The paper indiscussing the subject has focused on the principal tax legislations in the country, namely, the PersonalIncome Tax Act, Companies Income Tax Act, and the Federal Inland Revenue Service Act.

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