The Nigerian economy has been growing steadily at over 5% per annum for some years now. This has raised the focus of both international and local investors on the business climate in the country, including taxation. As Nigeria continues to seek ways to diversify hereconomy and achieve further development, government at all levels and the population are beginning to recognisethe importance of a dynamic tax system that is not only geared towards raising revenue, but addresses the sophistication of today’s business
environment with the attendant complexities.
Taxation and fiscal policy matters are therefore now of greater interest and as the Nigerian Government and regulatory agencies observe trends in developed economies, they in turn are focusing their attention on enforcing total compliance. On the other hand, taxpayers are