Citation:

Kwaji, Sini Fave, Dr. Adamu Saidu, Bashir, Aminu Mohammed. "Compliance and Basis of Tax Assessment in Nigeria" International Research Journal of Economics and Management Studies, Vol. 3, No. 4, pp. 42-45, 2024.

Abstract:

The study investigates compliance and the basis of tax assessment in Nigeria. The study used an ex post facto research design that will rely on secondary data. Taxes are made up of tax Assessment, tax compliance, tax evasion, tax avoidance tax penalty, which entail paying the correct amount of taxes due on time. Nigeria tax laws prescribe specific due dates for tax payments and failure to meet these deadlines may result in interest charges or penalties. The expected results suggest that matching tax assessment to compliance will yield the greatest benefits in the form of advances in society, which will also boost employee engagement. This study illustrates how worker motivation is impacted by compliance activities, which broadens our understanding of the compliance literature. It can by aligning the notion with tax assessment, the challenges of implementing a compliance effort can be reduced because leaders would be better able to plan their operations while taking into consideration the interests of all tax assessments. The conclusion is that tax knowledge is crucial for improving tax assessment and compliance, and it may even persuade taxpayers to file their taxes with greater caution. It is advised that the government take the characteristics of taxpayer noncompliance seriously by examining the legislation in place and perhaps raising awareness of the significance of tax and penalty (enforcement). Along with fostering positive relationships with taxpayers, the government should aim to raise overall tax income and the percentage of general tax compliance.

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Keywords:

Taxes, Laws, Compliance, Nigeria.