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ABSTRACT
The study examines the Administration of Companies Income Tax in Nigeria: Problems and Procedures. Taxation patterns throughout history are largely explained by administrative consideration. The tax structure of any economy tends to vary substantially according to the level of development reflecting the availability of tax bases and administration capacity. To provide focus for the study, research questions and hypotheses were formulated. Data collected through the use of questionnaire was analyzed using Chi-square statistical technique. The major findings, amongst others, include that the Federal Inland Revenue Service encounter problems in the administration of companies income tax and these problems include lack of cooperation from taxpayers, staffing problem, problems ascertaining the assessable income of individuals/ corporations; problem of tax avoidance and tax evasion by companies. The based on its finding, the study suggested some recommendations, amongst which include the board should have the names and addresses of all the taxpayers, seek information concerning them and ascertain the correctness or otherwise of such information supplied by the taxpayers to enhance distribution of notices of assessment and collection of tax.
To bring the barest minimum the problem of tax evasion and avoidance particularly among the self-employed persons, they should be made to show evidences of tax payment or exemption from tax payment before granting them various amenities and patronage. Taxpayers should be educated on the importance of paying tax, the purposes for which their tax are been discharged. The revenue department should try as much as possible to secure the respect and trust of the public so as to gain the tax payers cooperation.
