A PRACTICAL APPROACH TO CONDUCTING EFFECTIVE TAX AUDIT AND INVESTIGATION FOR STATE INTERNAL REVENUE SERVICES

Abstract

A tax audit entails the review of a taxpayer's records to ascertain compliance with the relevant provisions of Nigeria tax laws. This review is usually conducted within a six-year period from the date of submission of the relevant returns. However, where the tax authority suspects fraud, neglect or willful default, an investigation may be conducted in the first instance within the six year window but where suspicion arises about previous years, the audit/investigation can go back to as many years as is required or relevant to the case.