Nigeria Tax Administration

TAX – Nov 2023 – L2 – Q3a – Tax Administration and Enforcement

Describe the composition and functions of Nigeria’s tax administration bodies, including the Joint Tax Board and State Board of Internal Revenue.

Question

a. Tax administration in Nigeria involves the practical interpretations and application of the tax laws. The bodies charged with the administration of tax in Nigeria are the Federal, State, and Local Governments. The tax authorities of these tiers of government derive their power from Federal laws.

i. State the composition of the Joint Tax Board. (3 Marks)

ii. Outline FOUR functions of the State Board of Internal Revenue. (3 Marks)

iii. State FIVE levies and taxes collectible by the Local Government Revenue Committee. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Joint Tax Board, Local Government Taxes, Nigeria Tax Administration, State Board of Internal Revenue, Tax Collection
Level: Level 2

Topic: Tax Administration and Enforcement

TAX – May 2024 – L2 – SA – Q6 – Tax Administration and Enforcement

List FIRS Board members, outline FIRS duties, and explain tax dispute basis.

Question

Mr. Abiodun James returned to Nigeria after a long period in America. In 2018, he incorporated James and Sons Nigeria Limited. At a board meeting in August 2021, the company’s accountant presented a tax query from the Federal Inland Revenue Service (FIRS) for review. Some directors believed that since external auditors were engaged, the FIRS should rely on their competence to confirm the accuracy of audited financial statements. The Managing Director clarified the role of the FIRS in corporate tax administration, managed by the Federal Inland Revenue Service Board (FIRSB).

Required:
a. State five members of the Federal Inland Revenue Service Board. (5 Marks)
b. Outline and briefly explain five duties of the Federal Inland Revenue Service (FIRS). (5 Marks)
c. Explain the basis for tax disputes that may arise with the Revenue. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: FIRS Board Members, FIRS Duties, Nigeria Tax Administration, Tax Dispute, Tax law
Level: Level 2

Series: MAY 2024

TAX – Nov 2023 – L2 – Q3a – Tax Administration and Enforcement

Describe the composition and functions of Nigeria’s tax administration bodies, including the Joint Tax Board and State Board of Internal Revenue.

Question

i. State the composition of the Joint Tax Board. (3 Marks)

ii. Outline FOUR functions of the State Board of Internal Revenue. (3 Marks)

iii. State FIVE levies and taxes collectible by the Local Government Revenue Committee. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Joint Tax Board, Local Government Taxes, Nigeria Tax Administration, State Board of Internal Revenue, Tax Collection
Level: Level 2

Topic: Tax Administration and Enforcement

TAX – May 2024 – L2 – SA – Q6 – Tax Administration and Enforcement

List FIRS Board members, outline FIRS duties, and explain tax dispute basis.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: FIRS Board Members, FIRS Duties, Nigeria Tax Administration, Tax Dispute, Tax law
Level: Level 2

Series: MAY 2024

Question Tag: Nigeria Tax Administration

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

TAX – Nov 2023 – L2 – Q3a – Tax Administration and Enforcement

Describe the composition and functions of Nigeria’s tax administration bodies, including the Joint Tax Board and State Board of Internal Revenue.

TAX – May 2024 – L2 – SA – Q6 – Tax Administration and Enforcement

List FIRS Board members, outline FIRS duties, and explain tax dispute basis.

TAX – Nov 2023 – L2 – Q3a – Tax Administration and Enforcement

Describe the composition and functions of Nigeria’s tax administration bodies, including the Joint Tax Board and State Board of Internal Revenue.

TAX – May 2024 – L2 – SA – Q6 – Tax Administration and Enforcement

List FIRS Board members, outline FIRS duties, and explain tax dispute basis.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Nigeria Tax Administration

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

TAX – Nov 2023 – L2 – Q3a – Tax Administration and Enforcement

Describe the composition and functions of Nigeria’s tax administration bodies, including the Joint Tax Board and State Board of Internal Revenue.

You're reporting an error for "TAX – Nov 2023 – L2 – Q3a – Tax Administration and Enforcement"

TAX – May 2024 – L2 – SA – Q6 – Tax Administration and Enforcement

List FIRS Board members, outline FIRS duties, and explain tax dispute basis.

You're reporting an error for "TAX – May 2024 – L2 – SA – Q6 – Tax Administration and Enforcement"

TAX – Nov 2023 – L2 – Q3a – Tax Administration and Enforcement

Describe the composition and functions of Nigeria’s tax administration bodies, including the Joint Tax Board and State Board of Internal Revenue.

You're reporting an error for "TAX – Nov 2023 – L2 – Q3a – Tax Administration and Enforcement"

TAX – May 2024 – L2 – SA – Q6 – Tax Administration and Enforcement

List FIRS Board members, outline FIRS duties, and explain tax dispute basis.

You're reporting an error for "TAX – May 2024 – L2 – SA – Q6 – Tax Administration and Enforcement"

Our offerings

Contact Info

Customer

Get In Touch

admin