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Effect of not paying tax to tax authorities.
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[QUOTE="Kingsley, post: 212133, member: 30278"] Taxation is a compulsory Levi been charged by the government of a country on goods and services, and on the individuals and corporate bodies in the country. Taxing is been levied on almost everything we see in a country, all individuals pays tax either directly or indirectly, now in the case of direct tax we will consider the tax on incomes as direct tax, this are basically taxes on people's income a percentage of their income is been payed to the government of a country and they are directly deductions from people's salaries and wages. Then the indirect taxes are those levied on goods and services like PAYE, excise duties, for importation and exportations, government charges tax on those items and the addition charges are been borne by the finally consumers, finally taxes are levied on companies, which we called company income tax. And we also education tax and petroleum income tax aswel. So all these taxes from both direct and indirect sources is paid into the federation account now the single treasury account. The monies are meant to render essential services to the citizens of that particular country. To provide more roads, schools, markets, health facilities and even stable power supply and security in the country. [/QUOTE]
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