Assessment Of Capital Gain Tax Administration In Nigeria: Problem And Prospect. Case Study Of Federal Inland Revenue Service

(FIRS)(OGUN STATE BRANCH) CHAPTER ONE INTRODUCTION 1.1.          BACKGROUND TO THE STUDY  Taxation is a compulsory levy imposed by the Government on the incomes of taxpayers in a geographical territory in order to defray the expenses of governance. This implies that anybody that generates income must compulsorily pay taxes. There are different types of taxation. These include the personal income tax, company’s income tax, and petroleum profit tax, value added tax and the capital gains tax. Recently, the issue of capital gains tax in the Nigerian has come to the fore. Government, from time to t…