The recent changes in the rates of taxes in Nigeria have not gone unnoticed by would-be tax payers and defaulters. The world over, tax compliance has always been a topical issue with every government devising creative means of collecting all taxes due on various incomes/transactions carried out within its jurisdiction. The dwindling income from crude oil which is Nigeria’s major source of revenue compels the government, both at the Federal and state levels, to explore alternative sources of revenue through taxation, to sustain the economy and to undertake capital projects.
In this piece, the author examines the meaning of consumption tax, the behavioural patterns of persons upon whose expenditures the tax is charged and the attitude of the Courts and tax payers (including merchants) alike to the tax regime.
Source: spaajibade.com
