Advantages of knowing your business taxation policy.

[CALVINDOL]

Every business is always taxed possibly at the beginning or the initial stage in which the business is actually established or possibly during day-to-day business responsibilities and activities. Although there are other things and individual should possibly consider when trying to establish a business of his or her choice some of which include the population, the crime rate of the business environment, where to get inventories during business startups, and possibly the competitiveness of the area etc. Only a few minority of business owners and business managers to think about how their business will be tax by the government. Government of a particular economy at the ones in charge of receiving money generated by taxation of businesses and by the use of this money generated through taxation of businesses they bring in provision various organisational infrastructures and societal amenities capable and able for business activities to be done freely and smoothly. Although actions like these are exempted in the taxation of most economy that is because a taxation system of this economics are corrupt.

If a business is to be tax by the government to highly then an individual may look elsewhere to establish another kind of business that could be relatively tax by the government. Most Nigerians who have established commercial Enterprises in foreign countries usually have the intention of bringing their businesses and establishments to their homeland but due to the corrupt system of taxation they have a change of plans .

 

[TOZZIBLINKZ]

It is absolutely very interesting when a business owner knows how exactly is business will be tax by government, only a few minority or business owners usually think about how their business taxation will be and they usually think about this during their initial formulation of their business. Sometimes the taxation of a business is so much influenced by the tax policy of the country or the economy in which the business is actually resided. In order to find the right environment to sit with your business where your business taxation would absolutely be relatively bearable you need to conduct a feasibility study and research.

It is assumed that business established near major roads and international roads are usually tax more highly by the government but business is established or implemented close to feeder roads and non-international routes are less tax by the government, a good example for this is Nigeria businesses are being tax based on the environment they find themselves. Although this may not be the proper way for business taxation but do you today corrupt taxation policy we have over here it has been so for a long time.