Company income tax administration in Nigeria problems and prospects (a case study of Federal Inland Revenue service) Department: Accountancy By: joseph34 Project ID: 449 Rating: (1.1) votes: 101Rate this project12345 Price:₦1000 Get the Complete MaterialAbstract This research is to provide an understanding of how the tax system is administrated in Nigeria. The objective of this research work is to determine the proportion of taxable adults from both salary/wages earners and self-employed persons that can pay tax and if they do, whether they pay the correct amount. The researcher identified the problem of false income declaration and full identity of persons to be taxed are not know because of inadequate tax roll. In this work, three research questions were asked and three hypothesis was formulated. For the purpose of this study, the researcher used the primary and secondary source of data, sample percentage method and chi-square were used to convert raw data into information. In the course of this research work, the researcher discovered that improving income tax administration in Nigeria will Lead to better prospects. In conclusion, there is an improper administration of income tax in Nigeria and there is dishonesty among tax officials. Therefore the researcher recommends that government should encourage taxpayers, tax officials and employ those knowledgeable in tax law....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )