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Every country in the world tends to generate income through tax
administration. In Nigeria the company income tax administration aims and
tries to tax each company in the state more effectively. However the level at
which the company income tax Administration in Nigeria tend to achieve its
desired goals and objectives depends mostly on the tax office and the company
that is operating in Abia state.
For the tax Administration in Nigeria to be effective the aspect of the
companies been taxed should be considered adequately and more accurately so
that the company would provide reliable financial performance information for
assessment. In which the federal government derives its income.
Due to the ever changing tax administration policies in the country and
modifications in the aspect of taxation in Nigeria some companies want to stay
afloat and employ all kind of strategies that benefits them. Some of them evade
tax and some avoid tax.
When tax in Nigeria is paid by the various companies operating in the state the
revenue collected are used to provide utility services and providing additional
government services such as in education and transport which are of great
importance to the growth of the economy of the state and to the country.

Tax administration in the country is a very important aspect that assist in the
provision of revenue to the economy of which the avoidance of tax payment by
the companies in the country in general and in Abia state in particular will result
to a serious damage to the revenue which should have been generated and used
for the provision of infrastructure.
When a company is been taxed by the federal board of inland revenue (FBIR)
the company is meant to give an accurate information about their income but
some companies go to the extent of forgery in provision of their documents
which gives an incorrect information to the board, thereby causing reduction in
their tax assessment.
Based on the above observation or trend of this action over time this study set
out to examine the problems and prospects of the company income tax
administration in Nigeria and in Abia state to be precise.

The tax administration (collection and assessment of tax from companies is a
difficult task. The assessment and collection of companies’ income tax as at
when due has been a problem
Associated with company income tax administration in Nigeria. These problem
through observation has been influenced by the following understated factors.

Fraudulent under-declaration of income and making of incorrect returns by
companies coupled with collusion of officials of FBIR staff with company
under assessment.
The problem of tax evasion is real and so much in Nigerian economy where
individuals and companies use all means to evade tax.
The fact that the federal board of inland revenue (FBIR) is unable to bring their
entities within the letter of the law is of a serious concern mostly in the area of
highly government spending borrowing and when there is pressing need to
improve revenue generations from all sources including taxation.
The problems of revenue losses to government due to fraudulent and illegal
deals from her citizens and organisations within the country prompt the need for
this research work.
1. To ascertain whether sharp practices in administration between the staff
of FBIR and assess company contributed to tax evasion
2. To ascertain if there is any variation between financial statement used for
AGM and that sent to FBIR for tax administration
3. To ascertain whether loss of confidence in government officials has
contributed to tax evasion.

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