Taxation

INSTITUTE OF PUBLIC electric pig AND MANAGEMENT IPAM UNIVERSITY OF SIERRA LEONE ASSIGNMENT MODULE: TAXATION DEPERTMENT: be AND FINANCE COURSE: B.SC (Horns) APPLIED ACCOUNTING stratum: TWO SHIFT-B SEMESTER: TWO SUBMITTED TO: GIBA KOROMA (Lecturer) SUBMITTED BY: BAI SESAY (09015) INTRODUCTION The issue tax authority (NRA) came into being on the 13th September 2002 by the passing into law the piece taxation Authority manuf exploiture 2002. It was rectify up by the judicature of sierra Leone to get by and collect all duties, taxes, taxations and penalties as prescribed by the Laws of sierra Leone. The institution however became working(a) in July 2003. The Purpose of Establishing the subject field Revenue Authority The purpose of the depicted object Revenue Authority is delineate in the Preamble of the study Revenue Authority act 2002 as follows: ? as a central body for the sagaciousness and ingathering of national taxation, ? to appropriate for the administration and enforcement of stipulate laws, ? to posture consequential amendments to certain laws relating to revenue and to provide for other fella matters.

The above implies that the National Revenue Authority would have to round let out off the following measures: fulfil 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 roll; ? to shambling recommendation to Government for amendments and other improvements in the laws specified in the Schedule; ? to originate and implement plans for developing and maintaining an effective, clean-living and efficient revenue collection system; ? o issuing much(prenominal) measures as may be necessary to improve the standards of...If you blaspheme to get a dependable essay, order it on our website: Ordercustompaper.com

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