1. Self Assessment: This is the tax payment method where the taxpayer is allowed to compute their tax liability, complete the return forms and pay the liability on or before the due date. The benefits of this scheme far outweigh adminstrativ assessment by FIRS. You should never provoke that in your best interest.
2. Avoid Enforcement: There are several provision of the Tax Acts that supports enforcements. Such as placement of default sticker, lock up of business premises, appointment of tax agents, court proceedings etc. Enforcement usually comes with business disruption.
3. Avoid penalty & Interest: The later you delay in filing, the more expensive it becomes. Non filing of VAT return is the most dangerous of these penalties because of compounding nature.
4. Tax Clearance Certificate: You cannot afford to limit your opportunities. TCC is an enabler to your business growth.
Please get started today and avoid all future tax complications!
Call Taxdoctor on 08087183003.