Taxation

INSTITUTE OF PUBLIC ADMINISTRATION AND MANAGEMENT IPAM UNIVERSITY OF SIERRA LEONE appointment MODULE: TAXATION DEPERTMENT: be AND FINANCE COURSE: B.SC (Horns) utilise ACCOUNTING YEAR: TWO SHIFT-B SEMESTER: TWO SUBMITTED TO: GIBA KOROMA (Lecturer) SUBMITTED BY: BAI SESAY (09015) doorway The issue tax authorisation (NRA) came into being on the thirteenth September 2002 by the passing into law the theme tax Authority forge 2002. It was post up by the governance of sierra Leone to handle and collect all duties, taxes, revenues and penalties as convinced(p) by the Laws of Sierra Leone. The institution however became operational in July 2003. The Purpose of Establishing the subject gross Authority The purpose of the discipline Revenue Authority is sketch in the Preamble of the National Revenue Authority act 2002 as follows: ? as a central body for the assessment and accruement of national revenue, ? to bring home the bacon for the administration and enforcement of specified laws, ? to dumbfound consequential amendments to certain laws relating to revenue and to provide for other associate matters.

The above implies that the National Revenue Authority would have to polish off the following measures: practice procedures and policies that will ensure that revenue is quiet goodly and efficaciously; Enforce and amend laws relating to national revenue. The Functions of NRA The functions of the National Revenue Authority are spelt out in Section 12 of the above Act as follows: ? to circularize and enforce ! the laws set out in the Schedule; ? to shambling recommendation to governance for amendments and other improvements in the laws specified in the Schedule; ? to devise and implement plans for developing and maintaining an effective, fair and efficient revenue collection system; ? o take much(prenominal) measures as may be necessary to improve the standards of...If you trust to get a abounding essay, order it on our website: BestEssayCheap.com

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