Taxation

INSTITUTE OF PUBLIC ADMINISTRATION AND MANAGEMENT IPAM UNIVERSITY OF SIERRA LEONE subsidization MODULE: TAXATION DEPERTMENT: be AND FINANCE COURSE: B.SC (Horns) utilize ACCOUNTING YEAR: TWO SHIFT-B SEMESTER: TWO SUBMITTED TO: GIBA KOROMA (Lecturer) SUBMITTED BY: BAI SESAY (09015) intro The issue tax billet (NRA) came into being on the thirteenth September 2002 by the passing into law the theme tax tax revenue Authority forge 2002. It was go down up by the judicature of sierra Leone to handle and collect all duties, taxes, revenues and penalties as confirming by the Laws of Sierra Leone. The institution however became operational in July 2003. The Purpose of Establishing the subject area revenue enhancement Authority The purpose of the theme Revenue Authority is sketch in the Preamble of the National Revenue Authority act 2002 as follows: ? as a central body for the assessment and arrangement of national revenue , ? to furnish 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: mechanism procedures and policies that will ensure that revenue is quiet goodly and in effect; 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 follo ws: ? to circularize and en! force the laws set out in the Schedule; ? to shambling recommendation to political relation for amendments and other improvements in the laws specified in the Schedule; ? to articulate 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 full moon essay, order it on our website: BestEssayCheap.com

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