LIST OF REASONS

INTRO:  The history of taxation is age-long, dating back to 3000 – 2800 BC in ancient Egypt. Tax by definition is a charge (money, in the modern times), imposed by authority on persons, businesses and sales for public use. Oftentimes, tax is seen as a bad and exploitative instrument which government uses to deprive the citizenry of their hard-earned money. In spite of this negative perception, tax remains a civic duty that every citizen must perform so that the state could reciprocate with rights and privileges.  The  types of taxes in Nigeria  include Capital Gains Tax (CGT), Companies Income Tax (CIT), National Information Technology Development Levy (NITDL), Personal Income Tax (PIT), Value Added Tax (VAT), and Withholding Tax (WHT). Additionally, there are Stamp Duties (SD) and Tertiary Education Tax (EDT).   Reasons for and Benefits of Paying Taxes in Nigeria are:   Provision of Public Services : Public services are range of utiliti...