Tax Benefits

Benefits of Tax Payment

Nigeria as a country and indeed all socially responsible and law abiding individuals, groups, organizations and corporate citizens will derive valuable benefits from imbibing a culture of tax compliance. The benefits derivable include but are not limited to:

Providing sustainable finance and funding for governance, public and social services and economic development.

Stimulating priority social and economic activities and sectors while discouraging less preferred ones.

Promoting civic responsibility, patriotism by citizens and social responsibility by corporate citizens.

Individuals and corporate organizations are conferred with definite benefits, rights and privileges in the system based on their tax compliance status.

Giving taxpayers the moral and legal right to demand for (thereby engendering) a culture of accountability.

Bringing about the redistribution of wealth and bridging sharp disparities in living standards.

Serving as a gauge for measuring the level, growth and health of economic units and economic activities.

Tax compliance enables law abiding citizens to avoid the consequences, penalties and sanctions of non-compliance.​