Individuals, groups, organizations and corporate citizens may derive valuable benefits from imbibing a culture of tax compliance.
The benefits derivable include but are not limited to:
• Providing sustainable finance and funding for governance, public and social services and economic development.
• Stimulating priority social and economic activities and sectors while discouraging less preferred ones.
• Promoting civic responsibility, patriotism by citizens and social responsibility by corporate citizens.
• Individuals and corporate organizations are conferred with definite benefits, rights and privileges in the system based on their tax compliance status.
• Giving taxpayers the moral and legal right to demand for (thereby engendering) a culture of accountability.
• Bringing about the redistribution of wealth and bridging sharp disparities in living standards.
• Serving as a gauge for measuring the level, growth and health of economic units and economic activities.
• Tax compliance enables law abiding citizens to avoid the consequences, penalties and sanctions of non-compliance.