Brief Introduction

Revenue as regards companies and other business establishments is defined as the income that a company receives from its normal business activities, usually from the sale of goods and services to customers, so also is to Government. Government must generate income so as to finance her cost of administration and also in providing constitutional demanded responsibilities.

There has been a considerable increase in the administration cost and development expenditure such as the capital invested in the construction of roads, provision of equipment, and other social and economic amenities the word “TAXATION” comes in as a result of the need for Government to generate revenue and to finance expenditures in the cause of its administration.

Taxation is a compulsory levy that the government of a country or its appropriate agency imposes on taxation persons, individuals, businesses, and other bodies to allow the government provides the money needed for running of government and to achieve other macroeconomic objectives and fiscal policies of the government.

The traditional purpose of imposing tax and taxation is to raise money to run the affairs of the government. However, recently, I have seen the government and their agencies imposing taxes for some other purposes like; stimulating investment, reducing inflation encouraging the purchase of local goods, discouraging the consumption of certain goods etc.

Table of Content

TITLE PAGE i
DEDICATION ii
CERTIFICATION iii
DECLARATION iv
ACKNOWLEDGMENT v
ABSTRACT vi

CHAPTER ONE
1.0 INTRODUCTION 1
1.1 BACKGROUND OF THE STUDY 1-2
1.2 PURPOSE OF THE STUDY 3
1.3 STATEMENT OF THE PROBLEM 4
1.4 PURPOSE OF THE STUDY 5
1.5 SCOPE OF THE STUDY 5
1.6 LIMITATION OF THE STUDY 5
1.7 DEFINITION OF TERMS 6-7

CHAPTER TWO
2.0 LITERATURE REVIEW 8
2.1 GENERAL OVERVIEW 8-12
2.2 CLASSIFICATION AND IDENTIFICATION OF TAXES 13
2.3 CANON OF TAXATION 14
2.4 PERSONAL INCOME TAX 15
2.5 CHARGEABLE INCOME OR TAXABLE INCOME 15
2.6 TAX RELIEF 16
2.7 FORMAT OF PERSONAL INCOME
TAX ASSESSMENT 17-18

CHAPTER THREE
RESEARCH METHOD 19
3.1 INTRODUCTION 19
3.2 POPULATION OF THE STUDY 19
3.3 DATA COLLECTION INSTRUMENT 19
3.4 METHOD OF DATA ANALYSIS 20
3.5 TEST OF HYPOTHESIS AND INFERENCE 20

CHAPTER FOUR
INTRODUCTION 21
4.1 PRESENTATION AND ANALYSIS OF DATA 21-32

CHAPTER FIVE
SUMMARY, CONCLUSION, AND RECOMMENDATIONS 33
5.1 SUMMARY 33
5.2 CONCLUSION 33
5.3 RECOMMENDATIONS 34
REFERENCES 35
APPENDIX