A review of the major tax events of 2014 and the outlook
for 2015.
The year 2014 will go down in history as one year in which tax
matters was prominent in national and global discourse across the
spectrum.
This article outlines some of the major events of the past year
and offers an outlook for 2015 and it covers various aspects from
policy and legislation to administration and tax adjudication.
We project that falling oil prices and the depletion of
Nigeria's foreign reserve will force government to take
measures that will change the tax landscape. Taxpayers must resolve
to comply fully with their tax obligations, pay the right amount of
tax and do so on time. We also advocate that Government simplifies
the tax system, put tax money to work and be more transparent and
accountable to the people.
