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Tag: FIRS
What Are The Canons of Taxation?
The canons of taxation are principles established to create a fair and efficient tax system. These principles help guide policymakers in designing tax systems that are fair, efficient, and effective in raising revenue. The main canons are: 1. Equity (Fairness): Levying taxes need to be contingent on the taxpayer’s financial capacity. It follows that those…
Bits To Remember About Tax Audit
Today, let’s look briefly at a few things we should know about tax audit. Tax audit is a process whereby the Relevant Tax Authority (RTA) assesses the tax returns filed by a taxpayer, in accordance with the Law and its aim of the audit is to ascertain the correctness and completeness of the financial information,…
My Service @ RIRS
When I think of my time at RIRS (Rivers State Internal Revenue Service) as the Chief Servant aka Executive Chairman, several emotions run through my heart, the chief of which is GRATITUDE…to God, to the Governor, to the staff (my colleagues), to my family and friends as well as the tax paying public & ors.…