Tax Collection – NBC Institute

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

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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 – Nov 2020 – L1 – SA – Q3 – The Nigerian Tax System

Identify which tax is not collected by the Federal Government.

Question

Which of the following is NOT a tax to be collected by the Federal Government?
A. Value added tax
B. Petroleum profits tax
C. Tertiary education tax
D. Pools betting, lotteries, gaming, and casino taxes
E. Companies income tax

Answer

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Tags: Federal Tax Authority, Nigerian Tax System, Tax Collection
Level: Level 1

Topic: The Nigerian Tax System
Series: NOV 2020

TAX – Nov 2016 – L2 – Q2 – Tax Administration and Enforcement

Explain the composition and functions of the State Board of Internal Revenue and list taxes collectible by State Governments.

Question

The present economic recession in Nigeria has called for the review of the activities of every State Board of Internal Revenue. One State Government from the South West recently called for the forum of Tax Consultants. As one of the consultants, you are required to explain the following:

a. Composition of the State Board of Internal Revenue and what constitutes a quorum. (7 Marks)
b. Any THREE functions of the State Board of Internal Revenue. (6 Marks)
c. Any SEVEN taxes collectible by a State Government. (7 Marks)

Answer

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Tags: State Board of Internal Revenue, State Taxes, Tax Authorities, Tax Collection
Level: Level 2

Topic: Tax Administration and Enforcement
Series: NOV 2016

TAX – May 2019 – L2 – Q3a – The Nigerian Tax System

Explain tax collection responsibilities of different government tiers and define residency rules for tax purposes in Nigeria.

Question

Mr. Chukwudi, your mentee from childhood, has always been guided by your advice. He travelled to the United States to actualise his dreams. He subsequently obtained a degree in accountancy/taxation from a leading University and worked in the United States until November 30, 2016, when he returned to Nigeria. In January 2017, he attended a written interview for a post of a tax manager at the Federal Inland Revenue Service but failed the interview because of his poor knowledge of the Nigerian tax laws. Mr. Chukwudi is likely to be shortlisted for the position of inspector of taxes in his state of origin and has sought your advice on some areas of the Nigerian tax laws.

You are required to provide explanations on the following:

(a) (i) The various tiers of government and their revenue authorities, responsible for the collection of levies and taxes in Nigeria. (3 Marks)
(ii) Four specific taxes and levies collectible by different tiers of government. (6 Marks)
(iii) A resident individual in Nigeria, for a particular year of assessment. (3 Marks)

Answer

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Tags: Nigerian Tax Law, Resident Individual, Tax Authorities, Tax Collection, Tiers of Government
Level: Level 2

Topic: The Nigerian Tax System
Series: MAY 2019

PT – Nov 2021 – L2 – Q5a – Withholding Tax Administration

State the merits and demerits of the withholding tax regime in Ghana

Question

Withholding tax is deducted at source by an authorised agent and accounted later to the Commissioner-General of Ghana Revenue Authority.

Required:
State TWO (2) merits and TWO (2) demerits of the withholding tax regime.

Answer

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Tags: Government Revenue, Tax Collection, Tax Compliance, Taxpayer Burden, Withholding Tax
Level: Level 2

Topic: Withholding Tax Administration
Series: NOV 2021

PSAF – May 2018 – L2 – Q3a – Public sector fiscal planning and budgeting

Explain the difference between direct and indirect taxes and suggest three ways to improve tax collection.

Question

Both direct and indirect taxes are critical components of government revenue as they are intricately linked with the overall economy. Collection of these taxes is important for the government as well as the well-being of the country.

Required:
Distinguish between direct taxes and indirect taxes and suggest THREE ways by which tax collection can improve.

Answer

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Tags: Direct Taxes, Indirect Taxes, Public Revenue, Tax Collection
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2018

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 – Nov 2020 – L1 – SA – Q3 – The Nigerian Tax System

Identify which tax is not collected by the Federal Government.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Federal Tax Authority, Nigerian Tax System, Tax Collection
Level: Level 1

Topic: The Nigerian Tax System
Series: NOV 2020

TAX – Nov 2016 – L2 – Q2 – Tax Administration and Enforcement

Explain the composition and functions of the State Board of Internal Revenue and list taxes collectible by State Governments.

Question

Answer

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Tags: State Board of Internal Revenue, State Taxes, Tax Authorities, Tax Collection
Level: Level 2

Topic: Tax Administration and Enforcement
Series: NOV 2016

TAX – May 2019 – L2 – Q3a – The Nigerian Tax System

Explain tax collection responsibilities of different government tiers and define residency rules for tax purposes in Nigeria.

Question

You are required to provide explanations on the following:

Answer

Find Related Questions by Tags, levels, etc.

Tags: Nigerian Tax Law, Resident Individual, Tax Authorities, Tax Collection, Tiers of Government
Level: Level 2

Topic: The Nigerian Tax System
Series: MAY 2019

PT – Nov 2021 – L2 – Q5a – Withholding Tax Administration

State the merits and demerits of the withholding tax regime in Ghana

Question

Withholding tax is deducted at source by an authorised agent and accounted later to the Commissioner-General of Ghana Revenue Authority.

Required:
State TWO (2) merits and TWO (2) demerits of the withholding tax regime.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Government Revenue, Tax Collection, Tax Compliance, Taxpayer Burden, Withholding Tax
Level: Level 2

Topic: Withholding Tax Administration
Series: NOV 2021

PSAF – May 2018 – L2 – Q3a – Public sector fiscal planning and budgeting

Explain the difference between direct and indirect taxes and suggest three ways to improve tax collection.

Question

Required:
Distinguish between direct taxes and indirect taxes and suggest THREE ways by which tax collection can improve.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Direct Taxes, Indirect Taxes, Public Revenue, Tax Collection
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: MAY 2018

Question Tag: Tax Collection

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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 – Nov 2020 – L1 – SA – Q3 – The Nigerian Tax System

Identify which tax is not collected by the Federal Government.

TAX – Nov 2016 – L2 – Q2 – Tax Administration and Enforcement

Explain the composition and functions of the State Board of Internal Revenue and list taxes collectible by State Governments.

TAX – May 2019 – L2 – Q3a – The Nigerian Tax System

Explain tax collection responsibilities of different government tiers and define residency rules for tax purposes in Nigeria.

PT – Nov 2021 – L2 – Q5a – Withholding Tax Administration

State the merits and demerits of the withholding tax regime in Ghana

PSAF – May 2018 – L2 – Q3a – Public sector fiscal planning and budgeting

Explain the difference between direct and indirect taxes and suggest three ways to improve tax collection.

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 – Nov 2020 – L1 – SA – Q3 – The Nigerian Tax System

Identify which tax is not collected by the Federal Government.

TAX – Nov 2016 – L2 – Q2 – Tax Administration and Enforcement

Explain the composition and functions of the State Board of Internal Revenue and list taxes collectible by State Governments.

TAX – May 2019 – L2 – Q3a – The Nigerian Tax System

Explain tax collection responsibilities of different government tiers and define residency rules for tax purposes in Nigeria.

PT – Nov 2021 – L2 – Q5a – Withholding Tax Administration

State the merits and demerits of the withholding tax regime in Ghana

PSAF – May 2018 – L2 – Q3a – Public sector fiscal planning and budgeting

Explain the difference between direct and indirect taxes and suggest three ways to improve tax collection.

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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 – Nov 2020 – L1 – SA – Q3 – The Nigerian Tax System

Identify which tax is not collected by the Federal Government.

You're reporting an error for "TAX – Nov 2020 – L1 – SA – Q3 – The Nigerian Tax System"

TAX – Nov 2016 – L2 – Q2 – Tax Administration and Enforcement

Explain the composition and functions of the State Board of Internal Revenue and list taxes collectible by State Governments.

You're reporting an error for "TAX – Nov 2016 – L2 – Q2 – Tax Administration and Enforcement"

TAX – May 2019 – L2 – Q3a – The Nigerian Tax System

Explain tax collection responsibilities of different government tiers and define residency rules for tax purposes in Nigeria.

You're reporting an error for "TAX – May 2019 – L2 – Q3a – The Nigerian Tax System"

PT – Nov 2021 – L2 – Q5a – Withholding Tax Administration

State the merits and demerits of the withholding tax regime in Ghana

You're reporting an error for "PT – Nov 2021 – L2 – Q5a – Withholding Tax Administration"

PSAF – May 2018 – L2 – Q3a – Public sector fiscal planning and budgeting

Explain the difference between direct and indirect taxes and suggest three ways to improve tax collection.

You're reporting an error for "PSAF – May 2018 – L2 – Q3a – Public sector fiscal planning and budgeting"

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 – Nov 2020 – L1 – SA – Q3 – The Nigerian Tax System

Identify which tax is not collected by the Federal Government.

You're reporting an error for "TAX – Nov 2020 – L1 – SA – Q3 – The Nigerian Tax System"

TAX – Nov 2016 – L2 – Q2 – Tax Administration and Enforcement

Explain the composition and functions of the State Board of Internal Revenue and list taxes collectible by State Governments.

You're reporting an error for "TAX – Nov 2016 – L2 – Q2 – Tax Administration and Enforcement"

TAX – May 2019 – L2 – Q3a – The Nigerian Tax System

Explain tax collection responsibilities of different government tiers and define residency rules for tax purposes in Nigeria.

You're reporting an error for "TAX – May 2019 – L2 – Q3a – The Nigerian Tax System"

PT – Nov 2021 – L2 – Q5a – Withholding Tax Administration

State the merits and demerits of the withholding tax regime in Ghana

You're reporting an error for "PT – Nov 2021 – L2 – Q5a – Withholding Tax Administration"

PSAF – May 2018 – L2 – Q3a – Public sector fiscal planning and budgeting

Explain the difference between direct and indirect taxes and suggest three ways to improve tax collection.

You're reporting an error for "PSAF – May 2018 – L2 – Q3a – Public sector fiscal planning and budgeting"

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