REITERATING THE NEED FOR ADHERENCE TO THE PROVISIONS OF THE TAXES AND LEVIES (APPROVED LIST FOR COLLECTION) ACT

Abstract

Taxes are a cornerstone of civilization and constitute arguably the most certain and consistent source ofrevenue for every country. Consequently, their collection is of monumental importance. The Taxes and Levies(Approved List for Collection) Act delineates the different taxes to be collected by the Federal, State and LocalGovernment respectively and this ought to harmonize the collection of taxes. Unfortunately, the provisions ofthe Taxes and Levies (Approved List for Collection) Act are not always heeded with the attendant problems,among which are multiple taxation and sub-optimal tax collection. That is why this work sets out to review thepertinent provisions of the Taxes and Levies (Approved List for Collection) Act as well as relevant scholarlypublications relating to the legislation. It concludes that for a harmonious system, the provisions of the Taxesand Levies (Approved List for Collection) Act have to be scrupulously adhered to.