Investor Presentaiton

Challenges of Nigerian Tax System Contd. ✓poor accountability for tax revenue; ✓insufficient capacity which has led to the delegation of powers of revenue officials to third parties, thereby creating complications in the tax system; ✓use of aggressive and unorthodox methods for tax collection; ✓ failure by tax authorities to honour refund obligations to taxpayers; ✓the non-regular review of tax legislation, which has led to obsolete laws, that do not reflect current economic realities; and ✓lack of strict adherence to tax policy direction and procedural guidelines for the operation of the various tax authorities.

View entire presentation