Tax Laws – NBC Institute

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

Question

The tax system in Nigeria has been reviewed in recent times with a view to ensuring ease of doing business in Nigeria, among other things. With the enactments of Finance Acts 2019 and 2020, many enabling Acts were amended.

The tax system usually involves a tripartite aspect, namely, the tax policy, tax law, and tax administration.

Required:
a. Explain tax policy. (5 Marks)
b. State notable tax legislations. (5 Marks)
c. State the bodies charged with the administration of taxes in Nigeria. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax Administration, Tax Laws, Tax Policy, Tax System
Level: Level 2

Topic: The Nigerian Tax System
Series: MAY 2022

TAX – May 2021 – L1 – SA – Q2 – Tax Administration and Enforcement

Multiple-choice question on identifying sources of tax laws in Nigeria.

Question

Which of the following is NOT a source of tax laws in Nigeria?
A. Budget and pronouncement of relevant Ministries
B. The Constitution of the Federal Republic of Nigeria
C. Circulars issued by and practices of the Inland Revenue
D. Opinion of a local government chairman
E. Case laws

Answer

Find Related Questions by Tags, levels, etc.

Tags: Case Laws, Circulars, Constitution, Inland Revenue, Nigeria, Sources, Tax Laws
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

TX – May 2019 – L3 – Q2b – Anti-avoidance measures

Identify conditions for tax exemption for individuals employed in public service by foreign governments in Ghana.

Question

Section 7(m) of the Income Tax Act, 2015 (Act 896) as amended indicates that “the income of an individual from employment in the public service of the government of a foreign country in Ghana is exempt from tax.”

Required:

Identify FOUR (4) conditions for granting such an exemption.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Foreign Government, Public Service Employment, Tax exemption, Tax Laws
Level: Level 3

Topic: International taxation
Series: MAY 2019

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

Question

The tax system usually involves a tripartite aspect, namely, the tax policy, tax law, and tax administration.

Required:
a. Explain tax policy. (5 Marks)
b. State notable tax legislations. (5 Marks)
c. State the bodies charged with the administration of taxes in Nigeria. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Tax Administration, Tax Laws, Tax Policy, Tax System
Level: Level 2

Topic: The Nigerian Tax System
Series: MAY 2022

TAX – May 2021 – L1 – SA – Q2 – Tax Administration and Enforcement

Multiple-choice question on identifying sources of tax laws in Nigeria.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Case Laws, Circulars, Constitution, Inland Revenue, Nigeria, Sources, Tax Laws
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

TX – May 2019 – L3 – Q2b – Anti-avoidance measures

Identify conditions for tax exemption for individuals employed in public service by foreign governments in Ghana.

Question

Required:

Identify FOUR (4) conditions for granting such an exemption.
(2 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Foreign Government, Public Service Employment, Tax exemption, Tax Laws
Level: Level 3

Topic: International taxation
Series: MAY 2019

Question Tag: Tax Laws

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

TAX – May 2021 – L1 – SA – Q2 – Tax Administration and Enforcement

Multiple-choice question on identifying sources of tax laws in Nigeria.

TX – May 2019 – L3 – Q2b – Anti-avoidance measures

Identify conditions for tax exemption for individuals employed in public service by foreign governments in Ghana.

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

TAX – May 2021 – L1 – SA – Q2 – Tax Administration and Enforcement

Multiple-choice question on identifying sources of tax laws in Nigeria.

TX – May 2019 – L3 – Q2b – Anti-avoidance measures

Identify conditions for tax exemption for individuals employed in public service by foreign governments in Ghana.

Our offerings

Contact Info

Customer

Get In Touch

NBC Institute

Question Tag: Tax Laws

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

You're reporting an error for "TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System"

TAX – May 2021 – L1 – SA – Q2 – Tax Administration and Enforcement

Multiple-choice question on identifying sources of tax laws in Nigeria.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q2 – Tax Administration and Enforcement"

TX – May 2019 – L3 – Q2b – Anti-avoidance measures

Identify conditions for tax exemption for individuals employed in public service by foreign governments in Ghana.

You're reporting an error for "TX – May 2019 – L3 – Q2b – Anti-avoidance measures"

TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System

Discuss the aspects of the tax system in Nigeria, focusing on tax policy, key tax laws, and administrative bodies.

You're reporting an error for "TAX – May 2022 – L2 – SA – Q7 – The Nigerian Tax System"

TAX – May 2021 – L1 – SA – Q2 – Tax Administration and Enforcement

Multiple-choice question on identifying sources of tax laws in Nigeria.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q2 – Tax Administration and Enforcement"

TX – May 2019 – L3 – Q2b – Anti-avoidance measures

Identify conditions for tax exemption for individuals employed in public service by foreign governments in Ghana.

You're reporting an error for "TX – May 2019 – L3 – Q2b – Anti-avoidance measures"

Our offerings

Contact Info

Customer

Get In Touch

NBC Institute

admin