DRIVING FINANCIAL INCLUSION FOR SMALL BUSINESSES

Tax Evasion: Consumer Responsibilities to Government

As the government has responsibilities the citizens, so also do the citizens (you and I) have responsibilities to the government. One of these responsibilities, especially as a business owner include payment of taxes and levies as and at when due. These taxes are not paid randomly, the right amount if to be paid to the right organization to avoid scam and fraud cases. These organizations that receive our taxes and levies and assist us in this area and all other matters relating to consumer rights and responsibilities to the government, are the areas this course seeks to address.
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Course Endorsement

This course is developed and endorsed by the Central Bank of Nigeria in Collaboration with the Financial Literacy Working Group and the German Development Cooperation (GIZ)

More About This Course

As small business owners, we are usually tempted to take the cheaper way out to pay taxes, however, fraudulent individuals have realized this and are making money at your own expense. This course would teach you all about the appropriate tax payment methods and rates to ensure you do not fall prey to fraudsters and also your rights and responsibilities so you remain an upstanding citizen. 
KEY LESSONS FROM THE COURSE
  • You will learn about tax payments, the amount to be paid per the type of business you own and the agencies in charge of tax collection.
  • You will also learn various ways to avoid falling prey to fraudsters and in turn keep your money and all other information regarding your financial institution safe.
  • You will learn your about your rights as a consumer and also your responsibilities in this regard.
  • You will learn about tax payments, the amount to be paid per the type of business you own and the agencies in charge of tax collection.

Course Contents

About The CBN

The Central Bank of Nigeria is charged with the responsibility of administering the Banks and Other Financial Institutions Act (BOFIA), 2020, with the sole aim of ensuring high standards of banking practice and financial stability through its surveillance activities, as well as the promotion of an efficient payment system.
In addition to its core functions, CBN has over the years performed some major developmental functions, focused on all the key sectors of the Nigerian economy (financial, agricultural, and industrial sectors). Overall, these mandates are carried out by the Bank through its various departments.

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