A CASE FOR THE REFORM AND HARMONIZATION OF COMPANIES INCOME TAX LEGISLATION IN NIGERIA

What the author considers the current dissatisfactory state of our tax laws in general! and our Company Income Tax legislation? in particular prompt this paper. It aims at highlighting the scattered nature and in some cases incomprehensible and complex state of our company tax law, with a view to suggesting ways of improving on them. The perspective of this paper shall be to identify the authority in which the power to legislate on tax matters is vested, some basic rules of a good tax system and legislation, some defects in the companies income tax legislation in Nigeria, and finally make recommendations for reform.