AN EXAMINATION OF THE LEGAL REGIME FOR TAXATION UNDER THE NIGERIAN JURISPRUDENCE

Abstract

The law of taxation envisages raising of revenue for the use of government in providing the basic public  utilities  needed  to  better  the  lives  of  the  citizens.  The  significant  position  occupied  by taxation  can  never  be  overemphasized.  It  thus  calls  for  the examination  of  the  available  legal framework  for  taxation  in  Nigeria.  A  close  scrutiny  of  the  frontline  legislations  will  be  carried out  to  ascertain  whether  the  provisions  as  they  are  will  if  effectively  implemented  meet  the primary  essence  of  taxation.  In  doing  so,  the  setbacks  embedded  in  these  provisions  which impede the raising of revenue through taxation will be highlighted. Lastly, the paper will attempt to proffer the way out of these setbacks to ensure effective revenue generation through taxation.