Law Of Taxation, Petroleum And Corporate Law
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Topic: Assessability Of Petroleum Profits Tax
Description: The research looks into the mode of assessing tax liability in the petroleum upstream sector in Nigeria, and concludes that the mode of assessing the tax rate should be changed.
|1.||Ph.D (Law)||Law, Lagos State University, Ojo||2020|
Tax Transparency and Accountability in Nigeria
Tax is a compulsory financial contribution levelled by the Government on its taxable personalities, in order to among others provides basic amenities to its citizenry. However, it is a case in Nigeria that these amenities are always not being provided for by the Government. Rather, the residents, who are majorly the taxpayers provide these amenities by themselves. The aim of the research is to examine the role of Nigerian Government in providing basic amenities to its citizenry, and the level of failure by the Government to live up to this expectation. The research educates taxpayers on the rationale behind the payment of taxes, and their roles in compelling the government to justify such payment. By so doing, both the government and tax-payer will know their rights and responsibilities.The paper therefore suggests that Government should be transparent and publish detailed information on tax collection and application of the revenue generated on a regular basis as a mark of accountability and fiscal responsibility.
LAWAL SABITIYU is a Senior Lecturer at the Department of Law
LAWAL has a Ph.D in Law from Law, Lagos State University, Ojo