Taxes/Taxation in Lagos Nigeria is a means by which governments finance their expenditure, by imposing charges on citizens and corporate entities. It is as a way of making individuals, persons and companies contribute to growth and development of a country, through payment of money, via legalized levies according to their level of income or any other criteria set by the government. Money generated from Taxes in Lagos Nigeria is used to encourage or discourage certain economic decisions.
According to the Federal Inland Revenue Service (FIRS), the authority charged with tax administration in Nigeria, defines tax compliance as obeying provisions of tax laws willingly, without being compelled. This means registering yourself, enterprise, non-governmental organization or a government agency with tax authority and equally, keeping proper records, preparing tax returns, filing and payment of taxes......