Benefits of Tax Payment

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.​