The Federal Government introduced a new method for calculating interest on tax that is not paid on time. The Nigeria Tax Administration (Interest on Late
National Tax Policy FEDERAL MINISTRY OF FINANCE 1stFEBRUARY, 2017 Table of Contents Table of Contents……………………………………………………………………………………………………………………..iii FOREWORD…………………………………………………………………………………………………………………….. iii Chapter One……………………………………………………………………………………………………………………. 1 Introduction…………………………………………………………………………………………………………………….. 1 1.1 Background…………………………………………………………………………………………………………… 1 1.2 Definition of Tax…………………………………………………………………………………………………….. 1 1.3 Constitutional Provisions…………………………………………………………………………………………. 1
You would recall that in August last year (2016), we sent out a poll, requesting for your opinions in response to the call for policy
