Essay: Poor Tax Collection Rate in Nigeria

18 Oct

Essay: Poor Tax Collection Rate in Nigeria

Sample Essay

The challenge of multiplicity of taxes in Nigeria has also affected the overall performance of the hotel industry in Nigeria. The lack of compliance by certain investors and business people has led to poor tax collection rates. To cater for the government needs, the government of Nigeria has continued to increase the tax rates for the entire country. Hotel industry in Nigeria has therefore been a great victim of the high taxes being imposed by the government to the country’s tax payers. The high taxes being charged have increased the overall operational costs and discouraged most would be customers from visiting the facilities in the country. Inflation on the other hand has also played a great negative impact on the hotel industry in Nigeria. The negative impact on the industry has seen the cost providing even the common basic needs of the hotel industry to be very unaffordable.

The poor taxation drive by the government has therefore led to the underdevelopment of various sectors that consequently impact negatively to the tourism and hotel industries. Low taxes collected have led to the slow pace of developing the country’s infrastructure. Roads and telecommunication facilities standards have also been degraded due to the continuous repairs being made instead of total overhaul of the system. This has made it difficult for some of the hotel facilities local in parts of the Nigerian country to be accessed. The poor infrastructure and underdevelopment of roads, airstrips, airports, ports and other infrastructure related facilities can also be attributed to the poor management of taxes in the country.

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