Saturday, October 30, 2010

‘Nigerians are ready to comply with tax payment, if …’






Kunle Quadri
What major lapses have you observed in Nigeria‘s tax system?

There are quite many lapses in the Nigerian tax structure but many of them are being addressed now. One of them is that we don‘t have accurate data on people that are supposed to pay taxes. Who are really the tax payers? A number of tax authorities are just compiling these data. There is also the issue of training and retraining of staff. This is a big problem because the authorities don‘t even have enough funds to train them. There is the need for the system to be independent; they should be able to get as many professionals as possible into the system. Not just tax professionals, but other professionals should be brought in according to the lines of discipline they actually belong to. For instance, legal practitioners and accountants are needed to come into the tax system. There should be political backing for the tax authorities. Some tax offices just issue assessments, and before you know it, someone is telling the chairman or whoever to reverse the assessment or else he may lose his or her job
Read More:
http://www.punchng.com/Articl.aspx?theartic=Art201010311154034

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