Issues and Challenges Inherent in the Nigerian Tax System
American Journal of Management Science and Engineering
Volume 2, Issue 4, July 2017, Pages: 52-57
Received: Jun. 26, 2017; Accepted: Jul. 13, 2017; Published: Aug. 15, 2017
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Authors
Edori Daniel Simeon, Department of Accountancy, Faculty of Management Science, Rivers State University, Port Harcourt, Nigeria
Edori Iniviei Simeon, Department of Finance and Banking, Faculty of Management Science, University of Port Harcourt, Port Harcourt, Nigeria
Idatoru Alapuberesika Roberts, Department of Accountancy, School of Management Science, Ken Saro Wiwa Polytechnic, Bori, Nigeria
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Abstract
The study examined the issues and challenges inherent in the Nigerian tax system. The theoretical framework approach was adopted in this study. The Nigerian tax system is designed as a means of income generation. The three tiers of government have the responsibility of tax administration in Nigeria. Nigeria tax system is confronted with many issues and challenges such as multiplicity of taxes, bad administration, non-availability of database, tax touting, complex nature of the Nigerian tax laws, minimum tax, commencement, change of accounting date and cessation, and non-payment of tax refunds. The way forward includes streamlining collection mechanism, ensuring good, effective and efficient tax administration, introduction of tax technology, tax awareness and communication, simplifying the tax laws and abolishing some, refund of taxes overpaid, independent of tax authorities (boards of internal revenue), addressing the issue of corruption among tax officials, strengthening of tax audit, establishing special courts to handle tax issues, and stiffer penalty for tax evasion and other tax offences.
Keywords
Nigeria, Tax System, Tax Laws
To cite this article
Edori Daniel Simeon, Edori Iniviei Simeon, Idatoru Alapuberesika Roberts, Issues and Challenges Inherent in the Nigerian Tax System, American Journal of Management Science and Engineering. Vol. 2, No. 4, 2017, pp. 52-57. doi: 10.11648/j.ajmse.20170204.11
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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