Tax System – 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

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

Topic: The Nigerian Tax System
Series: MAY 2022

PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of how the characteristics of a good tax system can improve Ghana’s tax system.

Question

Adam Smith, reputed as the father of economics, postulated the characteristics of a good tax system as: “equity”, “certainty”, “convenience”, and “economy”. These postulates are still as relevant today as they were in Adam Smith’s days.

Required:
Explain how these characteristics of a good tax system can be employed by the Finance Minister of Ghana to improve the tax system of Ghana. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Adam Smith, Certainty, Convenience, Economy, Equity, Tax System
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: JULY 2023

PT – Dec 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of the differences between deepening and widening the tax system in Ghana and how the Ghana Revenue Authority can implement both.

Question

In order to generate more revenue for national development in Ghana, tax experts often suggest the need to “deepen as well as widen” the tax system of Ghana.

Required:
Explain the difference between “Deepening the Tax System” and “Widening the Tax System” and suggest how the Ghana Revenue Authority can deepen and widen the tax system of Ghana. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fiscal Policy, Ghana Revenue Authority, Revenue, Tax Deepening, Tax System, Tax Widening
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: DEC 2023

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

PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of how the characteristics of a good tax system can improve Ghana’s tax system.

Question

Required:
Explain how these characteristics of a good tax system can be employed by the Finance Minister of Ghana to improve the tax system of Ghana. (5 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Adam Smith, Certainty, Convenience, Economy, Equity, Tax System
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: JULY 2023

PT – Dec 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of the differences between deepening and widening the tax system in Ghana and how the Ghana Revenue Authority can implement both.

Question

In order to generate more revenue for national development in Ghana, tax experts often suggest the need to “deepen as well as widen” the tax system of Ghana.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Fiscal Policy, Ghana Revenue Authority, Revenue, Tax Deepening, Tax System, Tax Widening
Level: Level 2

Topic: Overview of the Ghanaian Tax System and Fiscal Policy
Series: DEC 2023

Question Tag: Tax System

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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.

PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of how the characteristics of a good tax system can improve Ghana’s tax system.

PT – Dec 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of the differences between deepening and widening the tax system in Ghana and how the Ghana Revenue Authority can implement both.

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.

PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of how the characteristics of a good tax system can improve Ghana’s tax system.

PT – Dec 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of the differences between deepening and widening the tax system in Ghana and how the Ghana Revenue Authority can implement both.

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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"

PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of how the characteristics of a good tax system can improve Ghana’s tax system.

You're reporting an error for "PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy"

PT – Dec 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of the differences between deepening and widening the tax system in Ghana and how the Ghana Revenue Authority can implement both.

You're reporting an error for "PT – Dec 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy"

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"

PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of how the characteristics of a good tax system can improve Ghana’s tax system.

You're reporting an error for "PT – July 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy"

PT – Dec 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy

Explanation of the differences between deepening and widening the tax system in Ghana and how the Ghana Revenue Authority can implement both.

You're reporting an error for "PT – Dec 2023 – L2 – Q1a – Overview of the Ghanaian Tax System and Fiscal Policy"

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