Withholding Tax Obligation on Contract of Supply

Taxation has a rich background which dates back to Pre-independence era. Prior to Nigeria independence the Emirs Obas and Obis collected various taxes. The tax administers then was the Emirs’ Obas’ Obis’ agents. However there are various definitions of tax or taxation depending on the qualities it possesses. Taxation therefore is the process or machinery by which communities or group of persons are made to contribute… in some agreed quantum and method for purpose of the administration and development of the society (Igbonyi 2008).