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Showing posts from January, 2016

TAX PAYMENT IN LOGOS STATE

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BACKGROUND OF THE STUDY/DEFINITION AND EXPLANATION     Basically the crucial functions of any given states government ( specially in developing nation like Nigeria) is the provision of infrastructural services such as   electricity, pipe borne water, hospital, schools, good roass as well as ensure a rise in per-capital income, poverty alleviation and others. However, these stated services could only be adequately meet with enough revenue to finance it. The task of financing the enormous project is one of the major problems confronting the government. Consequently, comes the position of tax on all taxable individual and company within the state. To ensuring adherence to the payment of tax, discouraging tax evasion, and avoidance, government has enacted various tax laws and reformed the existing ones to stand the taste of time. The laws in question includes; Income Tax Management Act (ITMA) companies Income Tax Decree (CITD) Land Tax-Act of 1978, The Stamp Duties Ac...