Taxation

This publication explores the intricate taxation system in Nigeria, focusing on its foundational principles and objectives. It discusses the canons of taxation, including equity, certainty, and convenience, which ensure a fair and efficient tax system. The document also categorizes taxes imposed by federal, state, and local governments, illustrating their significance in funding public services and promoting social welfare. By understanding these elements, readers can appreciate the role of taxation in economic stability and development. This analysis serves as a valuable resource for students and professionals seeking to grasp the complexities of Nigeria’s tax landscape.