DRIVING FINANCIAL INCLUSION FOR SMALL BUSINESSES
Paying Tax and Levies
For most governments, taxes are the main source of income. This money is employed for a variety of purposes, including the upkeep and improvement of public infrastructure, such as the roads we use to travel, as well as the provision of public services like hospitals, schools, and social services. For these reasons, all business owners should pay their taxes to the government. The goal of this course is to provide you with all the information you need to know about payment of taxes in Nigeria.
This course is developed and endorsed by the Central Bank of Nigeria in Collaboration with the Financial Literacy Working Group and the German Development Cooperation (GIZ)
ABOUT THE COURSE
This course is designed to provide you with all of the information you need about paying taxes in Nigeria, as well as the benefits of doing so. Taxation is the primary source of revenue for the vast majority of governments. This money is used for a variety of purposes, including the payment of public services such as hospitals, schools, and social services, as well as the improvement and maintenance of public infrastructure. Learners will become acquainted with tax identification numbers as well as the various tax administrations in Nigeria.
KEY LESSONS IN THIS COURSE
Identifying the links between paying taxes, your civic responsibility and public accountability.
Knowing relevant tax law and policies and where they can be accessed.
Identify what taxes to pay, when, where and how to avoid multiple taxation.
Keep basic tax records and file tax returns.