Incentives – NBC Institute

ATAX – Nov 2021 – L3 – Q7 – Tax Administration and Dispute Resolution

Discusses constraints and strategies for improving tax collection from self-employed individuals in Nigeria.

Question

The inability of the Federal government revenue-generating agencies to meet set revenue targets was the subject of a discussion between the Minister of Finance and Chief Executives of these agencies in October 2021.

The Minister emphasized that the Federal government has provided ample incentives and support to these agencies, yet performance has been below expectations. Consequently, the government has decided to take strict measures against any chief executive who fails to meet revenue targets for the financial year ending December 31, 2021.

The Federal government’s decision inspired the state government. As a result, the chairman of “MATS” State Board of Internal Revenue announced incentives for staff members who meet revenue targets set for tax collection, particularly from the self-employed category.

You have been engaged as the tax consultant to the chairman of “MATS” State Board of Internal Revenue.

Required:

Advise the chairman of “MATS” State Board of Internal Revenue on:

a. Identifying constraints facing tax authorities in assessing and collecting taxes from self-employed taxpayers. (8 Marks)
b. Developing strategies to expand the Nigerian tax net to improve tax collection from the self-employed category. (7 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Collection Strategies, Incentives, Nigerian Tax System, Revenue Targets, Self-Employed Tax Collection
Level: Level 3

Topic: Tax Administration and Dispute Resolution

ATAX – Nov 2018 – L3 – Q4a – Tax Incentives and Reliefs

Explanation of Foreign Direct Investment and incentives for foreign investors in Nigeria.

Question

(a) Write a short note on Foreign Direct Investment (FDI) and incentives available to foreign investors in Nigeria.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic growth, FDI, Foreign Investment, Incentives, Investment Protection, Nigeria, Tax Reliefs
Level: Level 3

Topic: Tax Incentives and Reliefs

MI – Nov 2015 – L1 – SA – Q3 – Accounting for Cost Elements

Identifies the term related to compensation for employees beyond the regular wage.

Question

Which of the following terms is known as compensation beyond the regular wage?
A. Overtime
B. Incentive
C. Bonus
D. Salaries
E. Leave allowance

Answer

Find Related Questions by Tags, levels, etc.

Tags: Employee Compensation, Incentives, Wages
Level: Level 1

Topic: Accounting for Cost Elements
Series: NOV 2015

BMF – May 2021 – L1 – SA – Q6 – The Business Environment

Identifies the practice of moving jobs outside the country to take advantage of incentives.

Question

The practice of moving jobs outside the country where an organization is based in order to take advantage of incentives in the destination country is termed
A. Outsourcing
B. Outshoring
C. Offshore outsourcing
D. Offsourcing
E. Offshoring

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Relocation, Incentives, Offshore Outsourcing
Level: Level 1

Topic: The Business Environment
Series: MAY 2021

ATAX – Nov 2021 – L3 – Q7 – Tax Administration and Dispute Resolution

Discusses constraints and strategies for improving tax collection from self-employed individuals in Nigeria.

Question

You have been engaged as the tax consultant to the chairman of “MATS” State Board of Internal Revenue.

Required:

Advise the chairman of “MATS” State Board of Internal Revenue on:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Collection Strategies, Incentives, Nigerian Tax System, Revenue Targets, Self-Employed Tax Collection
Level: Level 3

Topic: Tax Administration and Dispute Resolution

ATAX – Nov 2018 – L3 – Q4a – Tax Incentives and Reliefs

Explanation of Foreign Direct Investment and incentives for foreign investors in Nigeria.

Question

(a) Write a short note on Foreign Direct Investment (FDI) and incentives available to foreign investors in Nigeria.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Economic growth, FDI, Foreign Investment, Incentives, Investment Protection, Nigeria, Tax Reliefs
Level: Level 3

Topic: Tax Incentives and Reliefs

MI – Nov 2015 – L1 – SA – Q3 – Accounting for Cost Elements

Identifies the term related to compensation for employees beyond the regular wage.

Question

Which of the following terms is known as compensation beyond the regular wage?
A. Overtime
B. Incentive
C. Bonus
D. Salaries
E. Leave allowance

Answer

Find Related Questions by Tags, levels, etc.

Tags: Employee Compensation, Incentives, Wages
Level: Level 1

Topic: Accounting for Cost Elements
Series: NOV 2015

BMF – May 2021 – L1 – SA – Q6 – The Business Environment

Identifies the practice of moving jobs outside the country to take advantage of incentives.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Relocation, Incentives, Offshore Outsourcing
Level: Level 1

Topic: The Business Environment
Series: MAY 2021

Question Tag: Incentives

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

ATAX – Nov 2021 – L3 – Q7 – Tax Administration and Dispute Resolution

Discusses constraints and strategies for improving tax collection from self-employed individuals in Nigeria.

ATAX – Nov 2018 – L3 – Q4a – Tax Incentives and Reliefs

Explanation of Foreign Direct Investment and incentives for foreign investors in Nigeria.

MI – Nov 2015 – L1 – SA – Q3 – Accounting for Cost Elements

Identifies the term related to compensation for employees beyond the regular wage.

BMF – May 2021 – L1 – SA – Q6 – The Business Environment

Identifies the practice of moving jobs outside the country to take advantage of incentives.

ATAX – Nov 2021 – L3 – Q7 – Tax Administration and Dispute Resolution

Discusses constraints and strategies for improving tax collection from self-employed individuals in Nigeria.

ATAX – Nov 2018 – L3 – Q4a – Tax Incentives and Reliefs

Explanation of Foreign Direct Investment and incentives for foreign investors in Nigeria.

MI – Nov 2015 – L1 – SA – Q3 – Accounting for Cost Elements

Identifies the term related to compensation for employees beyond the regular wage.

BMF – May 2021 – L1 – SA – Q6 – The Business Environment

Identifies the practice of moving jobs outside the country to take advantage of incentives.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Incentives

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

ATAX – Nov 2021 – L3 – Q7 – Tax Administration and Dispute Resolution

Discusses constraints and strategies for improving tax collection from self-employed individuals in Nigeria.

You're reporting an error for "ATAX – Nov 2021 – L3 – Q7 – Tax Administration and Dispute Resolution"

ATAX – Nov 2018 – L3 – Q4a – Tax Incentives and Reliefs

Explanation of Foreign Direct Investment and incentives for foreign investors in Nigeria.

You're reporting an error for "ATAX – Nov 2018 – L3 – Q4a – Tax Incentives and Reliefs"

MI – Nov 2015 – L1 – SA – Q3 – Accounting for Cost Elements

Identifies the term related to compensation for employees beyond the regular wage.

You're reporting an error for "MI – Nov 2015 – L1 – SA – Q3 – Accounting for Cost Elements"

BMF – May 2021 – L1 – SA – Q6 – The Business Environment

Identifies the practice of moving jobs outside the country to take advantage of incentives.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q6 – The Business Environment"

ATAX – Nov 2021 – L3 – Q7 – Tax Administration and Dispute Resolution

Discusses constraints and strategies for improving tax collection from self-employed individuals in Nigeria.

You're reporting an error for "ATAX – Nov 2021 – L3 – Q7 – Tax Administration and Dispute Resolution"

ATAX – Nov 2018 – L3 – Q4a – Tax Incentives and Reliefs

Explanation of Foreign Direct Investment and incentives for foreign investors in Nigeria.

You're reporting an error for "ATAX – Nov 2018 – L3 – Q4a – Tax Incentives and Reliefs"

MI – Nov 2015 – L1 – SA – Q3 – Accounting for Cost Elements

Identifies the term related to compensation for employees beyond the regular wage.

You're reporting an error for "MI – Nov 2015 – L1 – SA – Q3 – Accounting for Cost Elements"

BMF – May 2021 – L1 – SA – Q6 – The Business Environment

Identifies the practice of moving jobs outside the country to take advantage of incentives.

You're reporting an error for "BMF – May 2021 – L1 – SA – Q6 – The Business Environment"

Our offerings

Contact Info

Customer

Get In Touch

admin