ABSTRACT
A tax is a compulsory levy imposed on the income or profit of an
individual, partnership and corporate organisations for the
financing of government expenditure without recourse to a
corresponding benefit from tax payer. Assessments are raised on
total profit at the rate of either 30 percent or 20 percent if it is a
small company whose turnover is below ₦1million naira. Various
types of assessment s are raised on the company. This could be
self-assessment, government assessment, back year assessment,
best of judgement (BOJ) assessment or jeopardy assessment.
Collection is basic necessity to tax revenue after assessment has
been raised.
This research work is aimed at appraising the tax
collection system in Nigeria taking Federal Inland Revenue Service
as a case study. It examined the workings both at the local and
state levels but focused more on the Federal Inland Revenue
Services. It reviewed the old system, the reasons why a new idea
muffed. The operations of the new method were also explained and
clearly stated. The methodology adopted in this study is the survey
research design. There were interactions with staff of Federal
Inland Revenue Service of various cadres and a few tax payers and
tax consultants with structured questionnaire to know their opinion.
56 questionnaires were administered out of which 35 were duly
completed and returned. The findings from research work revealed
that appraisal of tax collection system will bring more money to the
coffer of the government and all incidents of frauds, cheque
diversion and other malpractices will be curbed.
Based on the findings of this study, recommendations made are
that constant monitoring of the activities of the designated banks is
necessary to determine their level of compliance while adequate
training should be provided for collection staff to enhance their
efficiency and productivity.
